US prosecutors have charged Adani Group chairman Gautam Adani, his nephew Sagar Adani and six others with allegedly paying bribes worth Rs 2,110 crore ($265 million) to Indian government officials to win solar power contracts with state power distribution companies. have put. The bribe was allegedly given between 2020 and 2024. Now the company has issued a statement regarding this. Adani Group has termed the allegations made by America as baseless. The group has now made its next step clear.
Adani Group issued statement
The charges brought by the US Department of Justice and the US Securities and Exchange Commission against the directors of Adani Green are baseless and are denied. As the US Justice Department itself has said. The charges in an indictment are allegations and the defendants are presumed innocent until proven guilty.
All possible legal measures will be taken. Adani Group has always been committed to maintaining the highest standards of governance, transparency and regulation in all areas of its operations. We assure our stakeholders, partners and employees that we are a law abiding organization, fully compliant with all laws.
The company had taken this decision after the allegation
The Company said that the United States Department of Justice and the United States Securities and Exchange Commission have issued a criminal indictment and a civil complaint in the United States District Court for the Eastern District of New York against our board members Gautam Adani and Sagar Adani. Is registered. The United States Department of Justice has also included our board member Vineet Jain in similar criminal charges. In view of these developments, the Company has decided that the Group’s subsidiaries have decided not to proceed with the proposed USD denominated bond offerings for the time being.
