Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme. An Adani Group spokesperson said the allegations made by the U.

Indian tycoon and one of Asia's richest men, Gautam Adani, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. On Friday, shares in the Adani Group's companies began ticking back up after they plunged a day earlier following the announcement of the charges in New York.

Opposition politicians from Indian states named in the U.S. indictment of billionaire Gautam Adani denied any wrongdoing on Friday, after Prime Minister Narendra Modi's party said they had to answer for contracts signed while they were in power.