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,

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.

A US indictment threatens Indian tycoon Gautam Adani’s efforts to redefine himself as a clean-power champion and secure overseas financing for projects vital to the nation’s energy transition.