Adani Group responds to US Government Department ReportHot Buzz

November 21, 2024 19:04
Adani Group responds to US Government Department Report

(Image source from: AP)

Adani Group has rejected the US State Department's attempt to name it for alleged misconduct. The group believes these are merely allegations and should only be verified. They also decided to consider legal action. Adani Group said in a statement that “the attacks by the Department of Justice and the U.S. Securities and Exchange Commission against Adani Green executives are baseless and repugnant,” adding that the group continues to adhere to the highest possible standards of governance and transparency be obliged. As the US Department of Justice itself has stated, the charges in an indictment are allegations and the defendants are presumed innocent unless and until proven guilty. be proven”. “All possible legal options will be followed. Adani Group always strives to maintain the highest standards of governance, transparency and compliance in all jurisdictions in which it operates. Adani Group said: It is a legitimate organization and fully compliant with all laws.

Meanwhile, BJP president Amit Malviya claimed it was merely an abuse of law and said: "Furthermore, Indian courts can also deny access to the Indian market for valid reasons." "You can accuse an American company of bribery. Should we allow US government officials to do this? Will the law take its course and will the companies involved protect themselves or interfere in the domestic politics of a foreign country? BJP leader Samvit Patra said, "Since this morning, we have seen issues with a company in the media. "Regarding the company and filing a case against it, the company will issue a statement and defend itself in its own way".

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Adani Group  Gautam Adani