This is what the group's Chief Financial Officer said on Saturday adding that no other firms in the conglomerate are accused of wrongdoing.

On Wednesday, Gautam Adani one of the world's richest men, and seven others were indicted, for fraud by US prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.

Adani has denied all allegations calling them "baseless".

Group CFO Jugeshinder Singh sought to defend the allegations on Saturday saying none of Adani's 11 public companies "are subject to indictment" or "are accused of any wrongdoing in the said legal filing".

The allegations in the US indictment relates to "one contract of Adani Green, which is roughly 10% of the overall business of Adani Green", Singh said on X.

--Reuters--