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Defiant Adani says committed to compliance after US indictment

  • Adani Group has denied fraud and bribery allegations from the U.S., calling them 'baseless' and plans to pursue 'all possible legal recourse.'
  • Gautam Adani emphasized the company's commitment to 'world-class regulatory compliance' during a speech in Jaipur.
  • Adani stated that every attack makes the group stronger and that they are familiar with facing similar challenges.
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The New York court has accused one of the businessmen closest to Prime Minister Narendra Modi of corruption, putting relations between the two countries in difficulty

·Italy
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India's Adani says his group is committed to compliance after US bribery and fraud charges

NEW DELHI (AP) — Indian tycoon Gautam Adani says his conglomerate is committed to “world-class regulatory compliance” after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced. Adani is a major power player in India and is perceived as close to Prime Minister Narendra Modi. He was thrust into the spotlight on Nov. 20 when U.S. prosecutors in New Yor…

·Idaho Falls, United States
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xm.com broke the news in on Wednesday, September 10, 2014.
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