Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme.

GQG Partners, one of Adani group’s largest backers, had pointed to the US International Development Finance Corporation’s half-a-billion-dollar loan commitment to the Adani group for developing a port in Sri Lanka as a positive trigger for building up positions in Adani companies.

The Sri Lankan government has called for reports on India’s Adani projects in the island and is taking the matter seriously, Media Minister Nalinda Jayatissa said in the wake of charges being filed in the US against the business group alleging bribery,

Colombo: Sri Lanka has opened an investigation into the local investments of India's Adani Group in the wake of US bribery charges against its tycoon founder, government spokesman Nalinda Jayatissa said Tuesday.

(Reuters) - A U.S. agency that agreed to lend more than $500 million to a Sri Lanka port development backed by the Adani Group said it is still conducting due diligence on the project in the wake of bribery allegations against the group's billionaire founder Gautam Adani and other top executives, Bloomberg News reported on Sunday.

US International Development Finance Corporation, a state agency that agreed to finance a port terminal promoted by India's Adani group is conducting due diligence, a media report said, after bribery charges were filed against the group in America.

U.S. DFC delays $553 million loan to Adani-controlled Colombo Port project amid corruption allegations and investigations.

The U.S. International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly