Adani CFO Denies US Bribery Allegations, Assures Clarity Within 10 Days
Adani Group’s Chief Financial Officer, Jugeshinder Singh, has firmly dismissed recent allegations by US authorities implicating the company’s top executives, including Chairman Gautam Adani, in a $265 million bribery scheme. Speaking at an event in Mumbai, Singh stated that the individuals accused would provide a detailed response within 10 days to address the claims.
“We reject these allegations completely. We are confident that no such incident occurred,” Singh asserted. “If such a large sum of money was involved, I would certainly know about it, and I can confirm it never happened.”
The US indictment accuses Gautam Adani, his nephew Sagar Adani, and Adani Green’s Managing Director, Vneet S. Jaain, of paying bribes to secure solar power supply contracts in India and misleading American investors. The conglomerate has labeled these accusations as “baseless” and has vowed to pursue all available legal remedies.
Singh clarified that while the group itself would not take direct action regarding the allegations, the accused individuals would actively address the matter. “We stand by them, and they will take the necessary steps to clarify their position,” he added.
The Adani Group, which operates across diverse sectors from ports to power, continues to maintain that its business practices remain ethical and transparent.
News Source : “Information for this article was gathered from a variety of reliable news outlets.”
