Kenya cancelled important projects with India's Adani Group following the U.S. indictment of its founder. The deals involved major airport and energy infrastructure valued at billions, but faced scrutiny over transparency and governance.

Indian billionaire Gautam Adani has been indicted for fraud by U.S. prosecutors and arrest warrants issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.

NEW DELHI (Reuters) -Indian billionaire Gautam Adani, indicted in New York over a $265 million bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad.