There is no allegation of bribery in America… Adani Group made a big statement

Adani Group: Recently, many types of news have come out about Adani Group and its chief Gautam Adani in the US bribery case. Regarding these reports, Adani Green Energy has clarified its position and said that there is no truth to these allegations. The company clarified its side in this matter through a filing in the stock market on Wednesday. He said that there are no allegations against them under the US Federal Corruption Practices Act.

Clarification by Adani Green

Adani Green Energy informed in its filing that Gautam Adani, Sagar Adani and Vineet Jain are not accused of any kind of bribery or corruption in the prosecution done by the US Department of Justice or the complaint of the US Securities and Exchange Commission (SEC). The company said that the US Department of Justice has only accused officials named Azure and CDPQ of bribery.

What was said in the court?

During the hearing in the Federal Court of New York, it was alleged that the Adani Group company tried to defraud American investors and bribe Indian government officials for solar energy projects. It was told that a bribe of about $ 265 million was given between 2020 and 2024. The American company Azure Power Global was not informed about this bribe. According to these allegations, this contract had the potential of a profit of about Rs 17 thousand crores in 20 years, from which the Adani Group allegedly made false claims and took loans.

Statement of Mukul Rohatgi

Former Attorney General of the country and senior advocate Mukul Rohatgi also came forward in this case. He clarified in the press conference that he is commenting on this matter not as a spokesperson of the Adani Group, but as an independent legal expert. He said that this prosecution includes a total of 5 charges, the most important of which are sections 1 and 5. No charges have been leveled against Gautam Adani and Sagar Adani in these sections. Rohatgi said that the persons named in Section-5 are not related to the Adani Group.

Rohatgi also highlighted the nature of the chargesheet and said that it has to be clarified what the accused person has done. He said that the chargesheet does not state how the bribe was given or to which officer the bribe was given. Apart from this, information about the accused companies has also been given, which makes it necessary for the Adani Group to prove that they are not associated with these incidents.

Conclusion

Adani Green Energy and its chief Gautam Adani have clarified their stand opposing the allegations in the US case. The case highlights the complexities of many international legal processes and financial disputes, but the clarification from the Adani Group and the statement of Mukul Rohatgi confirm that the seriousness of the allegations is being questioned.

The full details of the court hearing and legal process will be helpful in understanding the seriousness of the matter in the coming days. But for the time being, the Adani Group says that these allegations are completely baseless.