None from group side charged with violation of FCPA or conspiracy to obstruct justice: Adani
Adani Group side has been charged with any violation of the Foreign Corrupt Practices Act (FCPA), or any conspiracy to obstruct justice, Gautam Adani said on Saturday. He was speaking at an award ceremony in Jaipur.
This is the first time that the billionaire founder of the Adani Group has spoken since the US Department of Justice and the US SEC levied charges of bribery among others, on certain executives of the group, including him on November 21.
“This is not the first time we have faced such challenges,” he said at the award function. “What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group,” he said.
He added that there has been a lot of vested reporting around the incident, and consequently negativity, but the group remains committed to compliance processes. “As we work through the legal process, I want to re-confirm our absolute commitment to world class regulatory compliance,” Adani said.
On Friday, Adani’s group chief financial officer Jugeshinder (Robbie) Singh also said that the Group will highlight certain facts related to charges by US authorities in the next 10 days. He also said that the group’s growth plans remain unaffected over the next decade.
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