'I would know': Adani Group CFO says no bribery carried out by group executives
MUMBAI -Adani Group's finance chief on Friday rejected U.S. allegations that group executives, including Chairman Gautam Adani, were part of a $265 million bribery scheme, and said the accused would clarify the U.S. allegations in 10 days.
"We believe it is not warranted, we know for sure 100% that nothing of this sort happened. If we were paying that amount of cash to someone I would certainly know, so we know nothing happened," Singh said. The ports-to-power conglomerate has previously denied the charges as"baseless" and vowed to seek"all possible legal recourse".
The U.S. indictment has had major ripple effects: Adani shares have plummeted last week, at least one Indian state is reviewing its power deal with Adani, Indian parliament has been disrupted amid political uproar and TotalEnergies (EPA:India's foreign ministry, in the country's first official reaction to Adani's indictment, said on Friday that bribery allegations against the billionaire was a legal issue between private companies and the U.S.
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