Gautam Adani breaks silence on US allegations of bribery

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STORY: :: Gautam Adani breaks silence on US allegations

to say his group is committed to compliance

:: Gautam Adani, Adani Group founder

"Less than two weeks back, we faced a set of allegations from the U.S. 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.

:: Jaipur, India

:: November 30, 2024

"And every obstacle becomes a stepping stone for a more resilient Adani Group. The fact is that despite a lot of the vested reporting, no one from the Adani side has been charged with any violation of the FCPA (Foreign Corrupt Practices Act) or any conspiracy to obstruct justice. Yet, in today's world, negativity spreads faster than facts; and as we work through the legal process, I want to re-confirm our absolute commitment to world class regulatory compliance."

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U.S. authorities have accused Gautam Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes to secure Indian power supply contracts, and misleading U.S. investors during fundraisings in the country.

Adani Group has denied the allegations, describing them as "baseless" and vowing to seek "all possible legal recourse."

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