Adani Group rejected allegations on Gautam Adani, said these reports are baseless

Adani Group: The Adani Group has completely rejected the allegations of bribery and fraud leveled by the US Justice Department and the US Securities and Exchange Commission on its chairman Gautam Adani and the directors of Adani Green.

While the spokesperson of the group issued a statement saying that the allegations leveled are completely baseless and are denied. The company said that it will use all the legal options available.

Adani Group denies the allegations

Spokesperson for the Adani Group issued a statement saying that the allegations leveled by the US Department of Justice and the US Securities and Exchange Commission against the directors of Adani Green are baseless and the group strongly denies these allegations.

Allegation is baseless

The statement said, as the Justice Department itself has said, "The allegations made in the indictment are only allegations at present and the defendants are presumed innocent until proven guilty.

Group has always maintained highest standards of governance

A spokesperson for the Adani Group said, the group has always been committed to maintaining the highest standards of governance, transparency and regulatory compliance. The company said, we assure our stakeholders, partners, and employees that we are one of the law-abiding organizations that fully comply with all laws.

Stock exchange had sought clarification

Earlier, the stock exchange had sought clarification from the Adani Group companies regarding the allegations made by the US Justice Department and the US Securities and Exchange Commission. In response to that, the company has filed its reply with the stock exchange under regulatory filing.

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The whole matter

In fact, in a New York court in the US, seven people including Gautam Adani have been charged with bribery and fraud of $ 265 million (about Rs 2250 crore). Allegations have been made. Seven people, including Gautam Adani, have been accused of offering bribes of more than $265 million to officials to secure a $2 billion solar power plant project over the next 20 years.