Gautam Adani Denies U.S. Bribery Allegations, Calls Charges Baseless

The Adani Group chairman reaffirms commitment to compliance after U.S. indictment alleging a $250 million bribery scheme.

U.S. prosecutors have charged Gautam Adani and executives of the Adani Group with fraud and conspiracy, alleging $250 million in bribes to Indian officials to secure solar energy contracts.
Adani has strongly denied the allegations, labeling them as baseless and reiterating his company's commitment to regulatory compliance.
The Indian Ministry of External Affairs stated it has not received any formal requests from U.S. authorities regarding the case and views it as a private legal matter.
Adani Group claims the indictment misrepresents facts and emphasizes that no evidence has been presented to show officials received bribes from its executives.
The allegations have led to significant financial repercussions for the conglomerate, including a $55 billion loss in market capitalization and scrutiny of its international projects.