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,

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 Enterprises Ltd and Wilmar International Ltd are reportedly postponing a planned sale of at least 12% in their joint Indian food venture, Adani Wilmar Ltd, in light of a US bribery indictment involving Gautam Adani,

A plea has been filed in the Madras High Court urging the Indian government to investigate corruption charges against businessman Gautam Adani, following his indictment by the United States (US) Department of Justice (DOJ) in a corruption case.

French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.

Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.

The 62-year self-made Indian billionaire expanded his empire through deals and the backing of Indian Prime Minister Narendra Modi, according to Forbes. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.