The Indian government has termed the US indictment of industrialist Gautam Adani and others as a "legal matter involving private individuals and private entities and the US Department of Justice." In its first official comment since the charges were filed,

Indian billionaire Gautam Adani oversees a sprawling conglomerate with activities spanning construction of airports to supply of electricity and the sale of cooking oil.

Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for violating the U.S. Foreign Corrupt Practices Act.

Gautam Adani, 62, along with the seven other defendants were accused of paying about $265 million in bribes to Indian government officials.

Indian billionaire Gautam Adani has been charged in the United States for alleged securities law violations and faces potential fines but has not been charged under the U.S. Foreign Corrupt Practices Act,

The Adani Group has issued a clarification regarding the charges against its founder, Gautam Adani, following a US 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 has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.

The comments were the first official reaction from the Indian government to the indictment of Adani, the chair of Indian conglomerate Adani Group and one of the world's richest people, and came more than a week after it was unsealed in New York.

Indian businessman Gautam Adani, one of the world’s richest people, has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was bei

India's foreign ministry said on Friday that bribery allegations against billionaire Gautam Adani by U.S. authorities is a legal matter between private firms and the U.S. Department of Justice and that New Delhi is not involved in the case at this point.