The Ministry of External Affairs (MEA) said that the Indian government was not informed in advance by US prosecutors while charging Adani and others of bribery and fraud. The MEA said it is a legal matter involving private firms and individuals and the US Department of Justice.
Adani Group’s finance chief said that individuals accused by US authorities of being part of a $265 million bribery scheme, including Chairman Gautam Adani, would clarify matters with the US Department of Justice in 10 days, Reuters reported.
“As a group there will not be any action (on the US indictment) but individuals will be taking steps,” Adani Group CFO Jugeshinder Singh told reporters on the sidelines of an event in Mumbai.
Singh asserted confidence and said that there is nothing that would impact their investment plans in logistics and energy. The conglomerate will continue to invest in logistics for the next 20 years, he added. Read more
Source: Business Today