In a recent exchange filing, the Adani Group vehemently refutes media assertions regarding an expanded investigation by US prosecutors into alleged bribery activities within India. The group adamantly rejects the claims made in a Bloomberg report, labeling them as “false”. Adani Enterprise Limited, a key entity within the conglomerate, went further to emphasize that they have not been served any notices by the US Department of Justice relating to the purported allegations.
Addressing concerns arising from the Bloomberg article titled “US Probing Indian Billionaire Gautam Adani and His Group Over Potential Bribery”, published on March 15, the Adani Group stands firm in their denial. The article suggests that investigators are delving into possible instances where an Adani entity or individuals associated with the conglomerate may have engaged in bribery to influence favorable outcomes related to an energy project in India.
The Adani Group’s proactive response seeks to dispel any misinterpretations stemming from the Bloomberg report. They assert that there has been no official communication from the US Department of Justice, thereby refuting the claims made in the media.
As the controversy unfolds, the Adani Group reiterates its commitment to upholding the highest standards of corporate governance and ethical business practices. They remain steadfast in their dedication to transparency and accountability, aiming to reassure stakeholders and the public alike of their integrity amidst these allegations.
Adani Enterprises wasted no time in responding to the allegations, asserting that the reported claims are unequivocally false. Furthermore, the Adani Group emphasized its steadfast commitment to upholding the highest standards of integrity and compliance with anti-corruption and anti-bribery laws, not only within India but across all jurisdictions where it operates. The conglomerate further clarified that it has no knowledge of any investigation targeting its chairman, reaffirming its unwavering dedication to transparency and ethical business practices.