Adani Group broke silence on allegations of bribery and fraud, said this while giving clarification

Business News Desk – Adani Group issued an official statement on Thursday rejecting the allegations made by US officials. The group described as ‘baseless’ the $250 million bribery allegations involving Indian government officials and stressed its commitment to pursue all legal remedies.

The company said in its official statement that as the US Department of Justice itself has said, the defendants are considered innocent until proven guilty of the charges in the indictment. All possible legal measures will be taken. Adani Group further said that it is always committed to maintaining the highest standards of governance, transparency and regulatory compliance. Adani Group has given clarification through a press note on 21 November.

In its statement, the group further said that we assure our stakeholders, partners and employees that we are a law abiding organization, which fully adheres to all laws. The charges filed by US prosecutors and the Securities and Exchange Commission (SEC) accuse Adani Group Chairman Gautam Adani, his nephew Sagar Adani and former Adani Green Energy CEO Vineet Jain of planning to impose their terms for solar power contracts from 2020 to 2024. Has been accused of.

assurance given
Adani Group has issued a statement rejecting all the allegations and said that we assure everyone that we have followed transparency and regulatory rules in all areas. We assure everyone that we are a law abiding organization.