The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as controversy and uncertainty continued to roil the Indian tycoon’s businesses after he was indicted by U.

Officials in Kenya have already canceled major contracts with Gautam Adani's companies, with funding for projects in other markets also facing potential impact.

Authorities said Adani and seven other defendants, including his nephew, agreed to pay about $265 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield billions in profit.