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,

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.

Following the AGEL’s clarification, its shares were trading at Rs 933.45 a share, up 3.79 per cent on the BSE in morning trades. Adani Enterprises was up 3.53 per cent and Adani Ports and Special Economic Zone gained 1.

Embattled billionaire Gautam Adani and his aides have not been charged under the US Foreign Corrupt Practices Act, an Adani Group entity said on Wednesday, adding that they faced three other charges,

The Adani Group said on Wednesday (27 November) that its chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charges per the US Department of Justice. In stock exchange filing, Adani Green, one of the Group's subsidiaries, termed media reports on the matter as "incorrect."

Adani Green Energy Ltd (AGEL) said in a statement today that the DoJ indictment does not include these executives in any bribery or corruption counts.

The Adani Green statement has also clarified that only Azure & CDPW officials have been charged with bribery in the US DoJ Indictment.

Hundreds of supporters of India’s main opposition party have protested against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government

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,

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.