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

American prosecutors have accused Gautam Adani of orchestrating a scheme to bribe officials with $265 million to secure state energy contracts. The Indian billionaire responded to the allegations for the first time on Saturday.

Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.

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 billionaire said the company is committed to "world-class regulatory compliance," without giving further details.

Gautam Adani breaks silence on US allegations to say his group is committed to compliance:: Gautam Adani, Adani Group founder"Less than two weeks back, we faced a set of allegations from the U.S. about compliance practices at Adani Green Energy.

Energy-to-ports billionaire Gautam Adani’s net worth took a hammering as shares of his listed companies plummeted after U.S. prosecutors accused him of orchestrating a $250 million bribery scheme.