A criminal indictment has been filed before the United States District Court Eastern District of New York by the Department of Justice in the case of USA against Gautam Adani, Sagar Adani and Vineet Jain.

Adani Green has denied media reports claiming Adani executives were charged with bribery and corruption, clarifying that the charges relate to wire and securities fraud

Adani Green Energy clarified that Gautam Adani, Sagar Adani, and Vneet Jaain are not charged with bribery under the US Foreign Corrupt Practices Act, according to a US Department of Justice indictment.

Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

Adani Group chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charge in the US indictment, the Adani Group has clarified. Adani Green, a firm under the Adani Group,

Senior lawyer Mahesh Jethmalani stated the US indictment against Gautam Adani has unproven claims. Adani Renewables clarified Gautam Adani, Sagar Adani, and Vneet Jaain face no bribery charges. Former Attorney General Mukul Rohatgi analyzed the five counts,

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,

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.

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.