US attorney alleges Adani Group paid $250 million in bribes to secure billions in solar energy contracts, raising serious governance concerns.

U.S. authorities accused Adani, 62, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.

Adani Group CFO Jugeshinder Singh dismissed allegations of bribery, emphasizing no large cash payments were made. He affirmed the group's commitment to growth and infrastructure projects. The group is addressing accusations with planned denials and maintaining cooperation with US laws.

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,

Shares of the 11 companies that operate under giant Indian industrial conglomerate Adani Group, soared on Wednesday, a week after Gautam Adani, founder and chairman of Adani, and other executives were

The finance chief of Adani Group on Friday rejected US allegations that executives, including Chairman Gautam Adani, were part of a $265 million bribery scheme, while the Government said it has not received any US request on the case.

By Dhwani Pandya, Shilpa Jamkhandikar and Shivam Patel MUMBAI/NEW DELHI (Reuters) -The finance chief of India's Adani Group on Friday rejected U.S. allegations that executives, including Chairman Gautam Adani,

Adani group executives, including Chairman Gautam Adani, will clarify the bribery allegations over the next 10 days.