New Delhi. Asia’s second richest businessman Gautam Adani and his company Adani Green Energy have made a big statement in the US bribery case. Adani Green Energy has said in its stock filings on Wednesday that news of bribery allegations against it are false and baseless. He said the news of him being charged under the US Federal Corrupt Practices Act is completely wrong.
The group has clarified that there is no case of violation of the US Federal Corrupt Practices Act against Gautam Adani, Sagar Adani and Vineet Jain in the US Department of Justice prosecution or in the complaint of the US SEC On the other hand, senior counsel Mukul Rohatgi also spoke in favor of Adani and shed light on this matter. Let us also tell you what Adani Group has said.
Adani Group company Adani Green, while providing information in its exchange filing, said there are no allegations of bribery against Gautam Adani, Sagar Adani or Vineet Jain. The company has said in its filing that in the US Justice Department prosecution, only officials have been charged with bribery of Rs 5,000 and Rs 5,000. On behalf of the company, it has been said that reports of allegations of bribery and corruption against the Adani Group company and its officials are completely false.
In fact, during the hearing, the Federal Court in New York accused Gautam Adani’s company of defrauding American investors and bribing Indian officials to obtain solar energy contracts. Allegations made by the Federal Court claim that between 2020 and 2024, bribes worth $265 million were paid to Indian officials through wrong routes to secure solar projects.
The court also alleged that the bribery matter was hidden from US company Azure Power Global. The special thing is that from this contract a profit of around 17 billion rupees was estimated in 20 years. To take advantage of this, bonds and loans were taken with false claims. After which Adani Group declared that all these allegations were wrong.
What is special is that the country’s former Attorney General and Chief Advocate Mukul Rohatgi has also come forward in this matter. Mukul Rohatgi told a press conference that he has not introduced himself as spokesperson for the Adani Group. He said that in this process there are 5 charges involved, of which sections 1 and 5 are the most important. No charges have been filed against Gautam Adani and Sagar Adani in these cases. He further said that there are no charges under the Corrupt Practices Act against Gautam Adani and Sagar Adani. Those in article 5 do not include the names of these two, but of some foreign people.
According to the senior lawyer, it should be clear in the charge sheet what the person has done. He said that in the kind of allegations that have been leveled against Adani, there is not a single name in the charge sheet. Nor has any information been provided on how the bribe was delivered or to which officials it was delivered. Adani Group has to prove whether it is associated with the companies against whom allegations have been leveled in the chargesheet or not.
