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Adani CFO defends against US charges, says linked to one business contract
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Adani CFO defends against US charges, says linked to one business contract
Nov 22, 2024 8:56 PM

NEW DELHI, Nov 23 (Reuters) - A U.S. bribery indictment

of Indian billionaire Gautam Adani is linked to one contract of

Adani Green Energy comprising some 10% of its business, and none

of the conglomerate's other companies are accused of wrongdoing,

the group's CFO said on Saturday.

On Wednesday, 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.

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 companies "are

subject to indictment" or "are accused of any wrongdoing in the

said legal filing".

The allegations in the U.S. indictment relates to "one

contract of Adani Green which is roughly 10% of overall business

of Adani Green", Singh said on X, adding the group will share

more details at a later point.

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