Gautam Adani, the chairman of India's Adani Group, as well as one of the world's wealthiest people, was indicted along with seven others for his involvement in a large-scale bribery and fraud scheme.

One of Asia’s richest men, controversial Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.