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.

Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.

American prosecutors have accused Gautam Adani of orchestrating a scheme to bribe officials with $265 million to secure state energy contracts. The Indian billionaire responded to the allegations for the first time on Saturday.