On Thursday, the Adani Group denied the allegations and called the indictment a “baseless move”. The group said it has “steadfastly maintained the highest possible standards

The chair of Indian conglomerate Adani Group, Gautam Adani, has been indicted in the U.S. over an alleged scheme to pay hundreds of millions of dollars in bribes and conceal the scheme from American investors,

The billiionaire businessman faces serious charges of bribery and fraud in the US, with potential fines and prison time.