Adani Group Denies Allegations
Says it has always upheld and is steadfastly committed to maintaining highest standards of governance
Adani Group Denies Allegations
New Delhi: Adani Group on Thursday denied charges of paying bribe to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws.
It said all possible legal recourse will be sought. “The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless and denied,” the group spokesperson said in a statement. Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over $250 million (Rs2,100 cr) bribe to Indian officials in exchange of favourable terms for solar power contracts.
