Adani Group CFO Clarifies: No Indictment Against Public Companies
Adani Group’s Chief Financial Officer, Jugeshinder Singh, has clarified that none of the group’s 11 public companies have been indicted in the recent US bribery charges. The allegations, as outlined in a US court filing, specifically target a single contract within Adani Green Energy, which constitutes approximately 10% of the subsidiary’s operations.
Source:- bbc news
Singh emphasized that the charges are not directed at any of the group’s publicly listed entities. While acknowledging that the group was aware of ongoing investigations, the specific details of the US charges were only revealed recently.
Source:- news 18
The Adani Group has refuted the allegations as baseless and has assured stakeholders that no Adani entity has been directly involved in any unlawful acts. The group has committed to providing more detailed information on the matter at an appropriate time.
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