The Adani Group strongly responded to the criminal indictment by the US DOJ, rejecting claims that key executives were involved in bribery.

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,

Adani Power, Adani Energy Solutions, Adani Green Energy and Adani Total Gas also hit their upper circuit limits during the day.

The Adani Group clarified that its executives, including Gautam Adani, were not indicted on bribery charges by US authorities but on securities fraud. The US actions caused significant financial and reputational damage,

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.

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.

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.

Gautam Adani was charged for allegedly conspiring to pay about $265 million in bribes to Indian government officials to obtain contracts and develop India's largest solar power plant project on November 21.

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,

Adani group has confirmed the acquittal of Gautam and Sagar Adani and has informed the security exchanges about recent indictments in the US. The group's senior members have faced bribery allegations,

Following U.S. bribery charges against Gautam Adani, several nations and investors have paused or scrapped deals with the Adani Group. TotalEnergies halted investments, and the U.S. International Development Finance Corp is reviewing a $550 million Sri Lanka port project.