A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group’s CFO said on Saturday.

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Adani Green’s CFO downplays US bribery charges, says allegations linked to a single contract

Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals

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The Hindu

The Hindu Group

Adani Green Energy’s CFO defends against U.S. charges, says linked to one business contract

The U.S. indictment has already had a significant impact on the business.

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CNBC

Roberts family

United States

Adani CFO says U.S. charges linked to only one business contract

US prosecutors in New York on Wednesday charged Chairman Gautam Adani, Sagar Adani, and six others for allegedly offering Rs 2,029 crore in bribes to Indian government officials.

Indian Express

Viveck Goenka

None of Adani Group’s 11 public companies are subject to indictment: Group CFO

Indian billionaire Gautam Adani has been indicted in the United States for bribery linked to a single contract involving Adani Green Energy, which accounts for approximately 10 per cent of the company’s business, according to the conglomerate’s Chief Financial Officer Jugeshinder Singh. No other firms within the Adani Group have been implicated, he added.

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Adani Group CFO Jugeshinder Singh of the ports-to-power conglomerate sought to defend the allegations, saying none of Adani’s 11 public companies are subject to indictment or are accused of any wrongdoing in the said legal filing.

Live Mint

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New Delhi

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Delhi

US bribery charges linked to only one contract, comprises 10% of business: Adani Group CFO

Adani Group's CFO, Jugeshinder Robbie Singh, defended the conglomerate against US bribery allegations, stating that they involve a single contract representing about 10% of Adani Green Energy's business.  Singh emphasized that the accusations are limited to a specific contract and do not involve any wrongdoing by other Adani Group companies.

The Economic Times

Sahu Jain family

Adani CFO says bribery allegations linked to single business contract

The charges relate to a business contract only, says Adani Group Chief Financial Officer (CFO).

Οι κατηγορίες αφορούν μόνο μια επιχειρηματική σύμβαση, λέει ο Οικονομικός Διευθυντής (CFO) του Adani Group

Αντάνι: Υποβαθμίζει την δίωξη για δωροδοκία ο ινδικός κολοσσός

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Greece

Adani: The Indian giant downplays the prosecution for bribery

The Hindu Patrika Adani US indictment: US charges relate to a single contract, no public co accused, says Adani Group CFO Nilesh Desai   
MUMBAI: The US bribery charges towards Adani Group relate to a single contract inside “None of Adani’s 11 public companies are subject to indictment or are accused of any wrongdoing in the said legal filing,” Singh acknowledged on X. “The allegations in the US indictment relate to “one contract of Adani Green,…

The Hindu Patrika

Adani US indictment: US charges relate to a single contract, no public co accused, says Adani Group CFO

New Delhi:
The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10 per cent of the subsidiary’s business. None of the Adani Group’s 11 public companies is implicated or accused of any wrongdoing, the group’s Chief Financial Officer (CFO) Jugeshinder Singh said in a statement.
The Adani Group has strongly condemned the US report, terming it “baseless.”
In his post on …

Goemkarponn - Goa News

“None Of Adani’s 11 Public Companies Subject To Indictment”: Group CFO On US Report | Goemkarponn - Goa News New Delhi: The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10

Adani Group CFO Jugeshinder Robbie Singh responded to the recent US bribery allegations, stating they pertain to a specific contract under Adani Green Energy, which constitutes approximately 10 per cent of the subsidiary’s overall business

Adani Green’s CFO downplays US bribery charges, says allegations linked to a single contract

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