Adani Group Denies US Allegations of Rs 2,029 Crore Bribery Scheme

Ahmedabad : The Adani Group has stated that allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless. 

Adani Group Chairman Gautam Adani, his nephew Sagar Adani and six others were indicted by US prosecutors in New York on Wednesday (November 20) in an alleged Rs 2,029 crore bribery case.

The bribes were allegedly offered to Indian government officials for securing “lucrative solar energy supply contracts” with state electricity distribution companies.

Adani Group spokesperson said, “As stated by the US Department of Justice itself, “the charges in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty.” All possible legal recourse will be sought.”

“The Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations. We assure our stakeholders, partners and employees that we are a law-abiding organisation, fully compliant with all laws”

“This indictment alleges schemes to pay over $250 million in bribes to Indian government officials, to lie to investors and banks to raise billions of dollars, and to obstruct justice,” a press release issued by the US Attorney’s Office, Eastern District of New York, said quoting US Deputy Assistant Attorney General Lisa H Miller.