Adani Group reacts to allegation
The Adani Group has strongly denied allegations made by US prosecutors that its founder, Gautam Adani, paid over USD 250 million in bribes, calling them “baseless.” The company’s statement comes amidst a sharp 23% drop in its shares on the Mumbai stock exchange, following a New York indictment accusing Adani of misleading international investors.
“The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless and denied,” the conglomerate stated, adding that it plans to pursue “all possible legal recourse.”
Meanwhile, opposition leaders in India have demanded the arrest of Gautam Adani as the scandal continues to garner significant attention.
Source: politics.einnews.com…
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