No one from Adani charged with US graft: chairman
Adani Group President Gautam Adani rejected any injustice in response to the US allegations of bribery and said that no individual from the group was accused of foreign corruption laws.
“Despite all the noise, no one of the Adani group is accused of violating FCPA (Foreign Corruption Applications) or conspiracy to prevent justice,” the billionaire said at the company’s annual general meeting. He said.
“Even in the face of storms and relentless investigations, Adani Group has never withdrawn,” he said.
In November, US officials claimed that Adani and several executives paid bribes to secure Indian power contracts and misleaded US investors.
Adani Group rejected the allegations as “unquestionable ve and said that he cooperated with legal processes.
Adani Group and 13 open marine investors are facing an investigation by the Indian securities and the stock exchange board for claiming that the group of 2023 claims that the Group research was misused.
The group constantly rejected any injustice.
Building the world’s largest renewable energy park in Khavda, Khavda, Western India, aims to establish 50 Gigawatt renewable capacity by 2030.
Adani, combined thermal, renewable and pumped hydro assets, Adani Group is expected to reach a total of 100GW energy generation capacity by 2030, he said.
Adani also announced a record capital spending plan by saying that the group expects to invest between USD $ 15 billion ($ 23 billion) and USD $ 20 billion in the next five years.
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