NEW DELHI: In a first reaction to the recent US indictments, industrialist Gautam Adani on Saturday dismissed the allegations and said that “every attack makes us stronger.” Speaking at the 51st Gem And Jewellery Awards in Jaipur, Adani said that this was not the first time the group had faced “such challenges.”
“As most of you would have read less than 2 weeks back, we faced a set of allegations from the US about compliance practises at Adani Green Energy. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone,” Adani said.
“Despite a lot of the vested reporting, no one from the Adani side has been charged with any violation of the FCPA or any conspiracy to obstruct justice. In today’s world, negativity spreads faster than facts. As we work through the legal process, I want to reconfirm our absolute commitment to world-class regulatory compliance,” he added.
Last week, the US Department of Justice indictment alleged that bribes exceeding $250 million were paid to secure solar power sale contracts, which could potentially generate £2 billion in profits for Adani Green Energy Limited (AGEL) over the next two decades.
