Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, opened up about the recent indictment that alleges he participated in a multi-billion dollar fraud

NEW DELHI -- Asia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme.

The billionaire said the company is committed to "world-class regulatory compliance," without giving further details.

The Adani Group founder broke his silence by condemning the charges, saying he would seek “all possible legal recourse.”