In Short
- US prosecutors accused Adani Group of $265 million bribery scheme
- Alleged Gautam Adani bribed to secure state energy contracts
- US Justice Department’s allegations triggered political war in India
Adani Group Chairman Gautam Adani on Saturday responded to the recent allegations of fraud against him by the US Department of Justice and the indictment, saying that his company was committed to compliances and “every attack makes us stronger.
As most of you would have read, less than two weeks back, we faced a set of allegations from the US about compliance practices at Adani Green Energy. This is not the first time we have faced such challenges. 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,” the billionaire industrialist said while addressing the 51st Gems and Jewellery Award in Jaipur.
The United States Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) filed an indictment and a civil complaint in the New York District Court against Gautam Adani, Sagar Adani, and Vneet Jaain, key executives of the Adani Green Energy Ltd (AGEL).