The Indian government has termed the US indictment of industrialist Gautam Adani and others as a "legal matter involving private individuals and private entities and the US Department of Justice." In its first official comment since the charges were filed,

Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for violating the U.S. Foreign Corrupt Practices Act.

Adani Group shares continued their upward momentum for a third consecutive day, with Adani Green Energy leading the gains at 14% in Friday morning trades. Adani Total Energy Solutions rose 12%, while Adani Total Gas and Adani Power gained 5% each.

The lower house of India's parliament was suspended for an hour on Wednesday after a disruption over allegations against the Adani group.

Gautam Adani, 62, along with the seven other defendants were accused of paying about $265 million in bribes to Indian government officials.

The Adani Group has issued a clarification regarding the charges against its founder, Gautam Adani, following a US indictment.

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.

Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.

India's ministry of external affairs has clarified that it had no prior information about the US Justice Department's indictment of Gautam Adani on bribery charges. The MEA has not received any summons or warrants related to the case.