NEW DELHI, Nov 30 (Reuters) - 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.

The indictment is the second major crisis to hit Adani in

just two years, sending shockwaves across India and beyond. One

Indian state is reviewing a power deal with the group, France's

TotalEnergies decided to pause its investments and

political rows over Adani have disrupted India's parliament.

"Less than two weeks back, we faced a set of allegations

from the U.S. about compliance practices at Adani Green Energy.

This is not the first time we have faced such challenges," Adani

said in a speech at an awards ceremony.

U.S. authorities have accused Gautam Adani, his nephew and

executive director Sagar Adani and managing director of Adani

Green, Vneet S. Jaain, of being part of a scheme to

pay bribes to secure Indian power supply contracts, and

misleading U.S. investors during fundraisings in the country.

Adani Group has denied the allegations, describing them as

"baseless" and vowing to seek "all possible legal recourse".

"What I can tell you is that every attack makes us stronger

and every obstacle becomes a stepping stone for a more resilient

Adani Group," Adani said in the northern Indian city of Jaipur.

"In today's world, negativity spreads faster than facts, and

as we work through the legal process, I want to re-confirm our

absolute commitment to world class regulatory compliance," he

added, without giving further details.

Adani Group's finance chief on Friday rejected the

allegations, while the Indian government said it had not

received any U.S. request regarding the case.

At one point, Adani Group's listed companies saw as much as

$34 billion wiped off their combined market value, but the

stocks have recovered ground as some partners and investors have

rallied behind the conglomerate.