New York

CNN

 — 

Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday.

Authorities said Adani and seven other senior business executives promised more than $250 million in bribes to Indian government officials to secure solar energy contracts.

Those bribes were "to lie to investors and banks to raise billions of dollars, and to obstruct justice," said Deputy Assistant Attorney General Lisa Miller in a statement Wednesday.

Worth more than $85 billion, Adani is Asia's second-richest peson behind countryman Mukesh Ambani, according to Bloomberg's Billionaires Index.

This is a developing story and will be updated.