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

Amit Shah To Inaugurate KLE Medical College & Hospital In Hubballi

Amit Shah will inaugurate the KLE JGMM Medical College and Hospital in Hubballi and the…

23 mins ago

Truth Behind Pakistan’s Fragmentation: Arif Aajakia Raises Sindh & Balochistan Issues At UN

Arif Aajakia raised alleged rights violations in Sindh, Balochistan and KP at the UNHRC, drawing…

53 mins ago

MC Chagla Memorial Lecture Explores Link Between Human Rights & Sustainable Development

The 9th MC Chagla Memorial Lecture explored links between human rights, sustainable development and social…

1 hour ago

Nifty, Sensex Post Weekly Losses Amid Global Rate Concerns

Indian equity benchmarks fell for the sixth straight week as FII selling, rate concerns &…

2 hours ago

Moody’s Raises India’s FY27 GDP Growth Forecast To 7%

Moody’s has raised India’s FY27 GDP growth forecast to 7% from 6%, citing strong domestic…

2 hours ago

India Launches Net Zero Portal To Track Voluntary Climate Commitments

India has launched the Net Zero Portal and NAPCC Dashboard to track climate action and…

3 hours ago