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Gautam Adani breaks silence on US indictment to say his group is committed to compliance
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Gautam Adani breaks silence on US indictment to say his group is committed to compliance
Nov 30, 2024 8:32 AM

NEW DELHI, Nov 30 (Reuters) - Adani Group founder Gautam

Adani responded for the first time on Saturday to allegations by

U.S. authorities that he was part of a $265 million bribery

scheme, saying that his ports-to-power conglomerate was

committed to world class regulatory compliance.

"Less than two weeks back, we faced a set of allegations

from the U.S. about compliance practices at Adani Green Energy.

This is not the first time we have faced such challenges," Adani

said in a live-streamed speech at an awards ceremony.

"What I can tell you is that every attack makes us stronger

and every obstacle becomes a stepping stone for a more resilient

Adani Group," Adani said in the northern Indian city of Jaipur.

Adani Group has denied the U.S. allegations, describing them

as "baseless" and vowing to seek "all possible legal recourse".

"In today's world, negativity spreads faster than facts, and

as we work through the legal process, I want to re-confirm our

absolute commitment to world class regulatory compliance," Adani

said in his speech, without giving further details.

Adani Group's finance chief on Friday rejected the

allegations, while the Indian government said it has not

received any U.S. request regarding the case.

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