The Indian agency in charge of auctioning a solar project at the center of Adani Green Energy Ltd.’s indictment confirmed it allotted 2.3 gigawatts capacity to the conglomerate, after the original winner refused to develop them.

Gautam Adani, the chairman of India's Adani Group, as well as one of the world's wealthiest people, was indicted along with seven others for his involvement in a large-scale bribery and fraud scheme.

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.