Strong Denial from Adani
FnF News Desk
Adani Group denies bribery and FCPA violations against Gautam Adani, Sagar Adani, and Vneet Jaain.
Nov 28, 2024
Stock Exchange Filing
Adani Green Energy clarifies no FCPA charges exist against its executives, highlighting incorrect recent claims.
Legal Allegations Detailed
The charges involve securities fraud, wire fraud conspiracy, and bribery accusations, refuted by Adani Group.
Bribery Allegations Explained
DOJ claims $265 million in bribes for solar contracts; Adani Group calls them baseless and unsubstantiated.
Rohatgi’s Legal Views
Mukul Rohatgi emphasized vague allegations lacking names or specifics, challenging the validity of the charges.
Mahesh Jethmalani Criticism
Jethmalani criticized the opposition for politicizing the issue, linking it to other political distractions.
DOJ Motives Questioned
Jethmalani raises concerns over the DOJ's timing, citing possible political influence in the indictment.
Response to Indictment
Adani executives pledge to address allegations legally, denying accusations and highlighting the lack of evidence.
Media Briefing Highlights
Rohatgi and Jethmalani point to the absence of direct involvement of Gautam and Sagar Adani in primary counts.
Adani Group’s Assurance
The company commits to legal measures to clear its name, stating all allegations will be robustly challenged.