1 week Ago
The Adani Group has strongly refuted allegations made by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) against directors of its renewable energy arm, Adani Green.
In a statement issued on November 21, the company dismissed the charges as baseless and vowed to pursue all available legal remedies. Referencing the U.S.
Department of Justice's own stance, the group emphasized that the charges are merely allegations. "The charges in the indictment are allegations, and the defendants are presumed innocent unless and until proven guilty," the DOJ noted. The Adani Group reiterated its commitment to adhering to the highest standards of governance, transparency, and regulatory compliance across all regions where it operates.
"We assure our stakeholders, partners, and employees that we are a law-abiding organization, fully compliant with all laws," the spokesperson said. The company affirmed its dedication to maintaining trust and confidence among its stakeholders while seeking legal recourse to address the accusations..
