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,

India's foreign ministry said on Friday that bribery allegations against billionaire Gautam Adani by U.S. authorities is a legal matter between private firms and the U.S. Department of Justice and that New Delhi is not involved in the case at this point.

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.

By Dhwani Pandya, Shilpa Jamkhandikar and Shivam Patel MUMBAI/NEW DELHI (Reuters) -The finance chief of India's Adani Group on Friday rejected U.S. allegations that executives, including Chairman Gautam Adani,

Both houses of Indian parliament were suspended temporarily on Thursday within minutes of opening as opposition lawmakers disrupted proceedings for the third day this week seeking a discussion on allegations against the Adani Group.

India’s opposition is protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes.

By Rishika Sadam and Siddhi Nayak (Reuters) -Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.