The Adani Group has firmly rejected the US bribery charges against its chairman, Gautam Adani. US prosecutors had accused him of paying over $250 million in bribes to secure favorable government contracts.
In a statement issued on Thursday, the Adani Group called the allegations made by the US Department of Justice and the US Securities and Exchange Commission baseless and denied. The charges suggest that Gautam Adani was part of a scheme to offer more than ₹2,100 crore (over $250 million) in bribes to Indian officials for advantageous solar power contracts.
A spokesperson for the Adani Group emphasized that the US Department of Justice has stated the charges are just allegations, and the defendants are presumed innocent until proven guilty.
The statement continued: The Adani Group has always upheld the highest standards of governance, transparency, and compliance across all regions where we operate. We assure our stakeholders, partners, and employees that we are a law-abiding organization, fully compliant with all laws.
This response comes amid a growing controversy surrounding the Adani Group’s international operations. The Group remains committed to defending its reputation and operations in the face of these accusations.
