As Indian billionaire Gautam Adani faces U.S. indictment, the implications for his longtime support Prime Minister Narendra Modi's administration are significant — all the while raising concerns about India's sovereignty and the costs of protecting influential business allies.

The chair of Indian conglomerate Adani Group, Gautam Adani, has been indicted in the U.S. over an alleged scheme to pay hundreds of millions of dollars in bribes and conceal the scheme from American investors,

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.