Gautam Adani, the founder of the Adani Group, addressed the recent US allegations of his involvement in a $265 million bribery scheme, reaffirming his conglomerate’s commitment to regulatory compliance. This marks the first public response from Adani since the charges were brought forward by US authorities.
Adani acknowledged the challenges faced by the company, emphasizing that the group’s resilience grows stronger with every attack. Speaking at an awards ceremony in Jaipur, Adani said such obstacles only make the company more robust.
The Adani Group has denied the allegations, calling them baseless and stating it would pursue legal action. Despite the turmoil, which also led to a significant dip in the group’s market value, Adani’s companies have started to recover as some partners and investors continue to support the group.
The Indian government has not received any official request from the US regarding the case. Adani also stressed the importance of regulatory compliance in a rapidly changing world and reiterated his company’s focus on transparency and legal procedures as they work through the issue.
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