Business

No Request From US On Adani Case, Says MEA On Alleged Bribery Reports

The Ministry of External Affairs (MEA) responded to allegations against Adani Group executives during a press briefing. Spokesperson Randhir Jaiswal stated that the charges involve private individuals and entities.

Jaiswal confirmed that the US did not inform India about the case in advance. He also clarified that India has not received any request for legal assistance or summons from the US regarding the matter.

Adani Group Refutes Allegations

The Adani Group denied accusations of bribery and corruption involving Gautam Adani, Sagar Adani, and Vineet Jain. In its statement, Adani Green Energy Ltd called reports on alleged FCPA violations “incorrect.”

The group announced plans to take legal recourse. It also reaffirmed its commitment to governance, compliance, and transparency.

Case Linked to US Indictment

The allegations stem from a five-count indictment unsealed in a US district court. The charges accuse Adani executives of involvement in bribery and fraud schemes.

Jaiswal emphasized that foreign legal assistance requests undergo a merit-based review. He reiterated that the Indian government is not involved in this matter at present. The Adani Group continues to refute all claims.

Also Read: CRISIL Backs Adani Group Amid US Indictment, Affirms Liquidity And Debt Coverage

Ajaypal Choudhary

Recent Posts

Morgan Stanley Maintains Bullish Outlook On Indian Equities For Q3 FY26

Global brokerage firm Morgan Stanley has expressed continued optimism about Indian equity markets heading into…

16 seconds ago

Karimnagar’s 6-Year-Old Kid Crafts PM Modi’s Portrait With Rubik’s Cubes

In a remarkable display of talent and creativity, six-year-old Vidhat, a resident of Karimnagar, is…

13 mins ago

Corporate India Reports 7.2% Sales Growth In FY25, RBI Data Shows

Corporate India saw a sales growth of 7.2% in FY25, up from 4.7% the previous…

21 mins ago

India Posts $13.5 Billion Current Account Surplus In Q4 FY25: RBI

India recorded a current account surplus of $13.5 billion or 1.3% of GDP in Q4…

33 mins ago

PM Modi Pays Tribute To Acharya Vidyanand Ji Maharaj On His Centenary Year

Prime Minister Narendra Modi launched the centenary celebrations of Acharya Vidyanand Ji Maharaj at Vigyan…

48 mins ago

Ram Temple In Ayodhya Draws Over 55 Million Devotees Since Consecration

Since the consecration of Lord Ram at the Ram Temple on January 22, 2024, Ayodhya…

49 mins ago