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,

Gautam Adani was charged for allegedly conspiring to pay about $265 million in bribes to Indian government officials to obtain contracts and develop India’s largest solar power plant project on November 21.

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.