Indian energy mogul Gautam Adani, an ally of Prime Minister Narendra Modi, was indicted in New York on bribery charges involving solar energy supply contracts.

Both Gautam Adani and his nephew Sagar Adani, a director at Adani Green Energy Ltd, have been summoned by the US Securities and Exchange Commission (SEC) to respond to the charges within 21 days.

In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of electricity to a state-owned power company.

Federal prosecutors said a consultant created multiple presentations, including one discussing how to reimburse Adani for the bribes.

Indian billionaire Gautam Adani, one of the world’s richest people, was indicted by U.S. prosecutors for his alleged role in a $265 million bribery scheme, plunging his conglomerate deep into crisis for the second time in two years.