The U.S. indictment of Gautam Adani has thrown a spotlight onto the rolling risks of India’s solar industry. Last week, prosecutors in New York charged the billionaire and several others of securities and wire fraud by agreeing to bribe government officials to secure solar power contracts for the Adani Group’s $19 billion renewable energy unit.

NEW DELHI (Reuters) -Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance.