Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company,

The Adani Group said on Wednesday (27 November) that its chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charges per the US Department of Justice. In stock exchange filing, Adani Green, one of the Group's subsidiaries, termed media reports on the matter as "incorrect."

India's lower house of parliament suspended proceedings for a second day on Wednesday after disruption by lawmakers calling for a discussion of U.S. accusations of bribery and fraud against the ports-to-power Adani Group.

Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company,

Gautam Adani, Sagar Adani, and senior executive Vneet Jaain have not been accused with violating the US Foreign Corrupt Practices Act (FCPA), according to a statement released by Adani Green Energy Ltd (AGEL).

BENGALURU (Reuters) -Indian billionaire Gautam Adani's indictment by U.S. authorities for his alleged role in a $265 million bribery scheme has sent shockwaves through his eponymous ports-to-soybeans conglomerate.