Adani Group has strongly denied the recent allegations made by the US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC). The company spokesperson labeled the charges “baseless and unproven.” In a detailed statement issued on November 21, a spokesperson emphasized the group’s commitment to transparency, governance, and regulatory compliance across all its operations.
The charges, which name Gautam Adani, his nephew Sagar Adani, and Vneet Jaain, allege a $250 million bribery scheme and concealment of information to secure funds from US investors.
A spokesperson for the group refuted the claims, emphasizing their baseless nature and noted that the defendants are presumed innocent until proven guilty. The group also assured that all possible legal recourse would be pursued.
The group’s statement reassured stakeholders of its commitment to the highest standards of governance, transparency, and regulatory compliance across all operational jurisdictions.
“We are a law-abiding organization, fully compliant with …