Billionaire industrialist Gautam Adani on Saturday responded to allegations towards him by the US prosecutors, saying “every attack makes him stronger”.
Addressing the 51st Gem and Jewelry Awards in Jaipur, the Adani Group chairperson mentioned,”As most of you would have read less than 2 weeks back, we faced a set of allegations from the US about compliance practises at Adani Green Energy. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone.”
“Despite a lot of the vested reporting, no one from the Adani side has been charged with any violation of the FCPA or any conspiracy to obstruct justice. In today’s world, negativity spreads faster than facts. As we work through the legal process, I want to reconfirm our absolute commitment to world-class regulatory compliance,” Adani was quoted by ANI as saying.
Gautam Adani, Chairman, Adani Group, speaks on the 51st Gem & Jewelry Awards, in Jaipur on Saturday. (ANI)
Gautam Adani has been charged with involvement in a plan to allegedly pay greater than $250 million in bribes to Indian authorities officers for photo voltaic power challenge contracts.
Adani and his executives have additionally been accused of constructing false and deceptive statements to traders and lenders in the US concerning the corporate’s anti-bribery commitments and practices whereas elevating cash from them, Reuters mentioned.
The enterprise conglomerate in an announcement referred to as the allegations “baseless”.
“The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless and denied,” the group mentioned in an announcement.
“We see this as a legal matter involving private firms and individuals and the US Department of Justice. Obviously, there are established procedures and legal avenues in such cases, which we believe would be followed. The government of India was not informed in advance on the issue. We have not had any conversation with the US government on it,” ministry of exterior affairs spokesperson Randhir Jaiswal mentioned on Friday.