Adani Group, in a filing, filed a complaint against Masooh’s founder and chairman, Gautam Adani, his nephew Sagar Adani and MD CEO Adani Green Energy Vineet Jain on charges of alleged stock exchange bribery levied by the US Department of Justice and the US Securities and Exchange Commission. Have refuted.
In its filing, AGEL has described news reporting on alleged bribery and corruption charges against Adani officials as inaccurate. Adani Green Energy Ltd.’s statement said, “Adani media articles state that certain of our directors, Gautam Adani, Sagar Adani and Vineet, have been charged in an indictment with violations of the US Foreign Corrupt Practices Act. “Such statements are wrong.”
Adani Green Energy has clarified that Gautam Adani, Sagar Adani and Vineet Jain have not been charged with bribery under the US Foreign Corruption Act. The company stressed that only Azure Power executives and a Canadian investor have been charged with bribery.
Adani Green Energy said in its statement that only Azure Power’s Ranjit Gupta, Cyril Cabens, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal and CDPQ (Caisse de dépôt et placement du Québec – Canadian Institutional Investor) have been charged with corruption and bribery related charges. and Azure’s largest shareholder). It has been said in the statement that the name of any Adani Group official is not there.
