Indian billionaire Gautam Adani has been indicted in the U.S. on charges of securities fraud and conspiracy to commit securities and wire fraud. The indictment alleges that Adani and his associates engaged in a $265 million bribery scheme to secure lucrative solar energy contracts from the Indian government.  

The charges have significant implications for Adani and his business empire, and they have raised serious questions about corporate governance and regulatory oversight in India.

The United States has jurisdiction over this case because of the Foreign Corrupt Practices Act (FCPA).  

The FCPA is a U.S. law that prohibits American companies and individuals from bribing foreign officials to obtain business advantages. While the Adani Group is an Indian company, it has significant financial dealings in the U.S. and has raised capital from U.S. investors.  

The U.S. government alleges that the Adani Group used U.S. financial markets to raise money while concealing a bribery scheme involving Indian government officials. By doing so, the Adani Group is accused of violating U.S. law.  

This case highlights the long arm of U.S. law and its ability to prosecute individuals and companies involved in corruption, regardless of their nationality or location.