AsianFin -- Despite US bribery charges against Indian billionaire Gautam Adani, Japan’s largest banks plan to continue their support for his business empire, while other global firms, including Jefferies Financial Group Inc. and Barclays Plc, reassess their ties to the Adani Group.

Mizuho Financial Group Inc. believes the current issues surrounding Adani will not have a long-term impact and intends to keep supporting the conglomerate, according to sources familiar with the matter. Similarly, Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. have no plans to withdraw their support and are open to providing further financing if required, the sources said.

Representatives from the three Tokyo-based banks declined to comment, and an Adani Group spokesperson did not immediately respond.

The ongoing support from these Japanese banks highlights the divide in the financial sector regarding Adani, who, along with others, faces accusations of orchestrating a $250 million bribery scheme to influence Indian government officials for solar energy contracts. Adani’s diverse business group, spanning from ports to power, has denied the allegations, calling them unfounded, and has been actively engaging with lenders and investors to clarify its position.