Indian billionaire Gautam Adani has been indicted in the United States for bribery linked to a single contract involving Adani Green Energy, which accounts for approximately 10 per cent of the company’s business, according to the conglomerate’s Chief Financial Officer Jugeshinder Singh. No other firms within the Adani Group have been implicated, he added.

WION

Noida

Uttar Pradesh

India

Adani Green’s CFO downplays US bribery charges, says allegations linked to a single contract

Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals

Media Bias/Fact Check

The Hindu

The Hindu Group

Adani Green Energy’s CFO defends against U.S. charges, says linked to one business contract

Invesco

Adani Group's CFO, Jugeshinder Robbie Singh, defended the conglomerate against US bribery allegations, stating that they involve a single contract representing about 10% of Adani Green Energy's business.  Singh emphasized that the accusations are limited to a specific contract and do not involve any wrongdoing by other Adani Group companies.

The Economic Times

Sahu Jain family

Adani CFO says bribery allegations linked to single business contract

New Delhi:
The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10 per cent of the subsidiary’s business. None of the Adani Group’s 11 public companies is implicated or accused of any wrongdoing, the group’s Chief Financial Officer (CFO) Jugeshinder Singh said in a statement.
The Adani Group has strongly condemned the US report, terming it “baseless.”
In his post on …

Goemkarponn - Goa News

“None Of Adani’s 11 Public Companies Subject To Indictment”: Group CFO On US Report | Goemkarponn - Goa News New Delhi: The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10

The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10 per cent of the subsidiary’s business. None of the Adani Group’s 11 public companies is implicated or accused of any wrongdoing, the group’s Chief Financial Officer (CFO) Jugeshinder Singh said in a statement. The Adani Group has strongly condemned the US report, terming it “baseless.” In his post on Saturday, C…

newstodaynet.com

"None of Adani's 11 public companies subject to indictment": Group CFO On US Report - News Today

US authorities charge indian billionaire, Gautam Adani and others over a $250M bribery scheme involving solar contracts, leading to financial losses and political fallout for the Adani Group.

vcpost.com

Adani Charged in $250M Bribery Scheme for Solar Contracts

Indian billionaire Gautam Adani has been indicted for fraud by U.S. prosecutors and arrest warrants issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. The US court said a five-count criminal indictment was unsealed in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company (the Indian…

Adani Green’s CFO downplays US bribery charges, says allegations linked to a single contract

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics