Billionaire Gautam Adani, head of the Adani Group, spoke out on Saturday about serious accusations from U.S. prosecutors, saying that challenges only make him stronger. While attending the Gem and Jewellery Awards in Jaipur, he mentioned, “Recently, we faced allegations about following laws at Adani Green Energy. This isn’t the first time we’ve faced issues. I can assure you that every challenge makes us tougher and turns obstacles into opportunities.”
Adani denied the claims, emphasizing that no one from his company has been charged with breaking the Foreign Corrupt Practices Act (FCPA) or trying to hide the truth. He noted that in today’s world, negative news spreads quickly, but he remains committed to following the rules.
The U.S. claims that Adani and his team were involved in a scheme to pay over $250 million in bribes to Indian officials for solar energy contracts. They also alleged that Adani made false statements to U.S. investors about the company’s anti-bribery measures.
In response to the accusations, the Adani Group labeled them as “baseless.” The political situation in India has heated up, with opposition parties, especially the Congress party, calling for an investigation into Adani.
The Indian government stated that the bribery allegations are a legal matter between the U.S. and private companies. “We see this as a legal issue involving private firms and the U.S. Department of Justice. We weren’t informed beforehand and have not discussed it with the U.S. government,” said Randhir Jaiswal, a spokesperson for India’s Ministry of External Affairs.
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