Gautam Adani Press Statement
US prosecutors have charged Adani Group Chairman Gautam Adani, his nephew Sagar Adani and six others with allegedly paying bribes worth 2.11 billion rupees ($265 million) to Indian government officials to obtain energy contracts. solar with state energy distribution companies. The bribe was allegedly delivered between 2020 and 2024. Now the company has issued a statement regarding this. Adani Group has described the allegations made by the United States as baseless. The group has now made its next step clear.
The Adani Group issued a statement
The charges brought by the Department of Justice and the United States Securities and Exchange Commission against the directors of Adani Green are baseless and are denied. As the US Department of Justice itself has said. The charges in an indictment are accusations and defendants are considered 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 and fully comply with all laws.
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The company had taken this decision after the accusation.
The Company said that the United States Department of Justice and the United States Securities and Exchange Commission issued a criminal indictment and a civil complaint in the United States District Court for the Eastern District of New York against the members of our board of directors Gautam Adani and Sagar Adani. It is registered. The United States Department of Justice also charged our board member, Vineet Jain, with similar criminal charges. In light 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.
