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.

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.

Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after US authorities indicted some key executives of the Indian conglomerate on bribery charges.