The Adani Group founder broke his silence by condemning the charges, saying he would seek “all possible legal recourse.”

Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance.

Adani Group founder Gautam Adani broke his silence on Saturday regarding allegations by US authorities linking him and his conglomerate to a $265 million bribery scheme.

The Adani Group is facing allegations of corruption as US prosecutors accused Gautam Adani and others of orchestrating a USD 265 million bribery scheme to secure state energy contracts.

The allegations involved securities fraud, wire fraud, and violations of SEC guidelines..Gautam Adani, Adani Group, Adani Green Energy, US indictment, securities fraud

Since the bribery indictment last week, Indian billionaire Gautam Adani's net worth has tumbled almost $16 billion to about $54 billion currently, according to Forbes real-time data. The group is also facing a backlash from investors and business partners.

The Adani Group Chairman, Gautam Adani on Saturday spoke out on the recent allegations faced by him and other executives after being linked to an alleged bribery case in the US, saying that every attack has made the group stronger,

By Dhwani Pandya, Shilpa Jamkhandikar and Shivam Patel MUMBAI/NEW DELHI (Reuters) -The finance chief of India's Adani Group on Friday rejected U.S. allegations that executives, including Chairman Gautam Adani,

NEW DELHI (Reuters) -Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance.