New Delhi: The Adani Group on Thursday vehemently denied allegations of bribery related to securing favorable solar power contracts, calling the charges by US prosecutors “baseless” and reiterating its commitment to legal compliance.
Key Points:
- The US Department of Justice and the US Securities and Exchange Commission (SEC) have accused Adani Green directors of being involved in a scheme to bribe Indian officials with over USD 250 million (approximately ₹ 2,100 crore) in exchange for favorable terms on solar power contracts.
- The Adani Group spokesperson dismissed the allegations, asserting that the charges are unfounded and the company is in full compliance with all laws.
- The spokesperson also emphasized that the US Department of Justice’s statement clarified that the charges are allegations and that the defendants are presumed innocent unless proven guilty.
Group’s Response:
“The Adani Group has always maintained the highest standards of governance, transparency, and regulatory compliance in all of its operations globally,” the spokesperson stated. “We assure our stakeholders, partners, and employees that we are a law-abiding organization.”
The conglomerate also stated that it will explore all available legal options in response to the charges.
