Adani Green Energy acknowledged a US investigation into potential anti-corruption violations by an unnamed third party. This follows a Bloomberg report alleging US probes into Adani entities and founder Gautam Adani for possible bribes to Indian officials for favorable treatment on an energy project.
Adani Green emphasizes no relationship with the third party and has not received any official notice from the US Department of Justice. They declined to comment further on the investigation's scope.
Other Adani Group companies, including Adani Wilmar, Adani Enterprises, Adani Ports, Adani Power, and Adani Energy Solutions, have all called the bribery allegations "false." Analysts at JP Morgan expect minimal financial or fundamental impact on the Adani Group from this investigation.
You are not Signed in