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, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.

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

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.

ALBAWABA - Gautam Adani, an Indian billionaire, businessman, and the founder and chairman of the Adani Group, a multinational conglomerate involved in p

US court’s indictment order against billionaire Gautam Adani is a formal accusation of charges and is not a proof of guilt

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,

Gautam Adani, Sagar Adani, and senior executive Vneet Jaain have not been accused with violating the US Foreign Corrupt Practices Act (FCPA), according to a statement released by Adani Green Energy Ltd (AGEL).

Billionaire Gautam Adani-led Adani Green has issued a fresh statement on November 27, refuting media allegations that the directors of Adani Group including Gautam Adani, Sagar Adani,  and Vneet Jaain are not charged under US Foreign Corrupt Practices Act (“FCPA”) violations.