[CC may contain inaccuracies] Gautam Adani, India’s second richest man, has been accused of being involved in a massive bribery scheme of over $250 million. Adani, along with his nephew Sagar and other officials, stands charged of violating the US Foreign Corrupt Practices Act and of securities and wire fraud. The criminal indictment by the US Attorney’s Office and the civil suit by the SEC threatened to jeopardize Adani’s global ambitions and any international fundraising, at least till the cases are resolved. The legal action could also have a bearing on the India US relationship, given the business leaders proximity to Prime Minister Narendra modi. The both have consistently denied any political favors were granted. This new crisis comes just as the port to power Adani Group recovered from the Schultz Centre attack by Hindenburg research that shaved off some 50 billion of the group’s market value early last year. It’s a case of déja vu for Adani investors as the group’s stocks sink and rating agencies watch its bonds closely.