Ahmedabad
The Adani Group has strongly denied recent allegations made by the US Department of Justice (DoJ) and the US Securities and Exchange Commission (SEC) against directors of its subsidiary, Adani Green. In a statement issued on Thursday, the group called the claims “baseless” and affirmed its commitment to legal action in response.
A spokesperson for the company emphasized that the charges, as noted by the DoJ, are merely allegations, and the accused individuals are presumed innocent until proven guilty. The statement also stressed that the Adani Group has always adhered to the highest standards of governance, transparency, and regulatory compliance in all its operations.
The company reassured its stakeholders, partners, and employees that it remains a law-abiding organization, fully compliant with all applicable laws in the regions it operates. The Adani Group stated that it will pursue all available legal options to address the allegations.
This response comes after the US regulatory bodies brought forward charges against Adani Green’s directors, although no further details have been provided on the nature of the allegations.
