In the latest response to the allegations against the Adani Group, Adani Green Energy Ltd (AGEL) issued a clarification on Wednesday, stating that there is no charges of bribery against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain by the US Department of Justice (DoJ). However, the company acknowledged that the executives are facing three other charges, including securities fraud and wire fraud, as outlined in the indictment.
In a regulatory filing, AGEL noted that while the allegations involve securities and wire fraud, there are no charges related to bribery or foreign corruption. “Media articles stating that our directors Gautam Adani, Sagar Adani, and Vneet Jaain have been charged with violations of the US Foreign Corrupt Practices Act (FCPA) are incorrect,” AGEL said.
(This is a developing story)
