NEW DELHI (Reuters) – A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to at least one contract of Adani Inexperienced Power (NS:) comprising some 10% of its enterprise, and not one of the conglomerate’s different firms are accused of wrongdoing, the group’s CFO stated on Saturday.
On Wednesday, Gautam Adani, one of many world’s richest males, and 7 others have been indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officers to safe power-supply offers.
Adani Group has denied the allegations calling them “baseless”.
Group CFO Jugeshinder Singh sought to defend the allegations on Saturday saying none of Adani’s 11 public firms “are subject to indictment” or “are accused of any wrongdoing in the said legal filing”.
The allegations within the U.S. indictment pertains to “one contract of Adani Green which is roughly 10% of overall business of Adani Green”, Singh stated on X, including the group will share extra particulars at a later level.
