Adani Group CFO Clarifies Deal That Led to Indictment in US

Adani Group CFO Clarifies Deal That Led to Indictment in the US
Adani Group has cleared the air on the indictment of Indian billionaire Gautam Adani by a federal grand jury in the United States over fraud allegations. In a statement on Saturday, October 23, Adani Group Chief Financial Officer (CFO) Jugeshinder Robbie Singh explained that the charges against Adani are related solely to one of its companies,
Adani CFO says US charges linked to only one business contract
A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing,
Adani Group CFO's BIG Statement On US Report: 'No Indictment for Any of Our 11 Public Companies'
Adani Group CFO Jugeshinder Robbie Singh responded to the recent US bribery allegations, stating they pertain to a specific contract under Adani Green Energy, which constitutes approximately 10 per cent of the subsidiary’s overall business.
Adani Green’s CFO downplays US bribery charges, links allegations to a single contract
On Wednesday, Adani, one of the world’s wealthiest individuals, and seven others were charged by US prosecutors in connection with a $265 million scheme to bribe Indian officials for power-supply contracts.
Adani CFO Defends Against US Charges, Says Linked to One Business Contract
NEW DELHI (Reuters) - A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate's other companies are accused of wrongdoing, the group's CFO said on Saturday.
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