Indian Prime Minister Narendra Modi’s government said the US investigation into Gautam Adani involved private individuals, seeking to distance itself from the controversy.

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Prime Minister Narendra Modi’s allies have largely refrained from commenting on the US’s shock bribery allegations against billionaire Gautam Adani,

News that Indian billionaire Gautam Adani’s empire faces U.S. fraud charges could not be timed worse for Indian Prime Minister Narendra Modi's economy.

Prime Minister Narendra Modi will find it increasingly difficult to distance himself from the latest controversy erupting around Gautam Adani, one of the world’s richest businessmen who’s widely seen as having close ties with the Indian leader.