Adani Group Responds to $2 Billion US Bribery Allegations”
The Adani Group has addressed allegations of a $2 billion bribery scheme brought forward by US prosecutors. CFO Jugeshinder Robbie Singh clarified that the charges pertain to one contract of Adani Green, comprising just 10% of its business. Singh emphasized that none of the group’s 11 public companies are named in the indictment or accused of wrongdoing.
The US SEC alleges $265 million in bribes to Indian officials for solar energy contracts, but the Adani Group has promised a detailed response soon. Stay tuned!
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