The recent bribery charges by US authorities, made public last week, have led to several countries revisiting or cancelling deals with the group.

Bangladesh to review power deals under Sheikh Hasina's leadership, Adani Group scrutinised over unpaid dues and legal issues

Kenya has terminated two high-profile agreements with India’s Adani Group, intensifying scrutiny on the conglomerate, which is already reeling from allegations of bribery by US authorities.

French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.

The U.S. case against Adani won’t help Prime Minister Narendra Modi’s ambition to leap forward as a global manufacturing power, in part by attracting foreign direct investment.

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 of protecting the Indian coal magnate whose companies’ shares have plunged since the charges last week.