Adani Group Denies Bribery Charges, Asserts Compliance with Laws
New Delhi: The Adani Group on Thursday strongly denied the allegations made by US prosecutors, which accuse the conglomerate of paying over USD 250 million in bribes to secure favorable terms for solar power contracts. The group labeled the charges as baseless and reiterated its commitment to adhering to all legal and regulatory standards.
In an official statement, a spokesperson for the Adani Group emphasized that the allegations made by the US Department of Justice and the US Securities and Exchange Commission against the directors of Adani Green were false. “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,” the spokesperson stated.
Highlighting the legal principle that defendants are presumed innocent unless proven guilty, the group referred to a statement from the US Department of Justice, which confirmed that the charges remain allegations at this stage. The Adani Group affirmed that it would explore all possible legal recourse to address the accusations.
The conglomerate reassured its stakeholders, partners, and employees of its dedication to law-abiding practices, asserting that it remains fully compliant with all relevant laws. The statement concluded by reiterating the group’s commitment to transparency and regulatory adherence, despite the allegations.
