Indian billionaire Gautam Adani denied U.S. charges accusing him and his Adani Group executives of running a large-scale bribery scheme. Speaking at an awards ceremony in Jaipur, Adani called the allegations "baseless" and vowed to pursue "all possible legal recourse." The Justice Department had accused Adani and his team of paying over $250 million in bribes to Indian officials for energy contracts, while the SEC claimed violations of federal securities laws. Adani Group previously dismissed the allegations, emphasizing its commitment to governance, transparency, and regulatory compliance. Adani also stated that negativity spreads faster than facts, reiterating his company's dedication to world-class compliance. Continue here.
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