Gautam Adani Responds to US Indictment and Criticizes Press for Inaccurate Reporting

The Adani Group is making headlines again, this time with allegations of fraud brought against Gautam Adani and other executives by the United States Department of Justice and the Securities and Exchange Commission. Adani responded by addressing the issue directly and pointing fingers at the press for what he called “incorrect and reckless reporting.”

Speaking at an event in Jaipur, Adani acknowledged the allegations, stating, “As most of you would have read, less than two weeks back, we faced a set of allegations from the US about compliance practices at Adani Green Energy.” He went on to say that while this is not the first time the group has faced such challenges, each attack makes them stronger and every obstacle is a stepping stone for a more resilient group.

In light of these developments, the Indian government has stated that they view this as a legal matter involving private companies, individuals, and their actions. Adani reasserted the Adani Group’s commitment to world-class regulatory compliance, emphasizing their dedication to operating at the highest standards. The saga continues, and the story evolves as the situation unfolds.