The indictment of Gautam Adani in the United States for alleged bribery and fraud had dealt a blow to his conglomerate’s ambitious plans to invest $1bn in Africa.

The Adani Group is currently navigating a major crisis following U.S. allegations of bribery and fraud, which have led several

Kenya has terminated two high-profile agreements with India’s Adani Group, intensifying scrutiny on the conglomerate, which is already reeling from allegations of bribery by US authorities.

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.

Indian billionaire Gautam Adani on Saturday said "attacks" on his company made it "stronger", days after US prosecutors accused him and other officials of fraud.

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

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

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.