financetom
Business
financetom
/
Business
/
Gautam Adani breaks silence on US indictment to say his group is committed to compliance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gautam Adani breaks silence on US indictment to say his group is committed to compliance
Nov 30, 2024 8:32 AM

NEW DELHI (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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Nov 5, 2024
Nov 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: ** The $19 billion merger between Vodafone ( VOD ) and Hutchison's Three UK is likely to be given the regulatory green light as Britain's need for investment outweighs short-term competition concerns. ** Atos said it had signed an agreement to sell...
German air-taxi maker Lilium hires KPMG to explore M&A options
German air-taxi maker Lilium hires KPMG to explore M&A options
Nov 5, 2024
(Reuters) - German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options. The move to explore options comes after a court granted Lilium's application for self administration, the company said. ...
Investigators search Netflix offices in France and Netherlands, says judicial source
Investigators search Netflix offices in France and Netherlands, says judicial source
Nov 5, 2024
PARIS, Nov 5 (Reuters) - Investigators searched the offices of U.S. streaming giant Netflix ( NFLX ) in France and the Netherlands as part of a preliminary investigation into tax fraud laundering, a French judicial source said on Tuesday. The French investigation was opened in November 2022, the source said. French and Dutch investigators were collaborating on the probe and...
Supernus Pharmaceuticals Q3 Swings to Profit, Revenue Increases; 2024 Revenue Outlook Lifted
Supernus Pharmaceuticals Q3 Swings to Profit, Revenue Increases; 2024 Revenue Outlook Lifted
Nov 5, 2024
05:20 AM EST, 11/05/2024 (MT Newswires) -- Supernus Pharmaceuticals ( SUPN ) reported Q3 earnings late Monday of $0.69 per diluted share, swinging from a loss of $0.29 a year earlier. A single analyst polled by Capital IQ expected $0.02. Revenue for the quarter ended Sept. 30 was $175.7 million, up from $153.9 million a year earlier. Four analysts surveyed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved