There are no allegations of bribery and corruption against Gautam Adani. There are no allegations of bribery and corruption against Gautam Adani: only allegations related to wire fraud, Adani Green said – the news published in the media is wrong.

Adani Group has clarified that there are no allegations of bribery in America against Chairman Gautam Adani, his nephew Sagar Adani and senior executive Vineet Jain.

According to Adani Group, the reports in several media houses on bribery and corruption charges against Gautam Adani, Sagar Adani and Vineet Jain under the US Foreign Corrupt Practices Act (FCPA) are 'incorrect'. However, he faces cases related to securities and wire fraud in the US.

America Department of Justice has five cases The company said the US Department of Justice has five cases pending. In this, Gautam Adani, Sagar Adani or Vineet Jain have not been included in Count 1 and Count 5. Count one means 'conspiracy to violate the FCPA' and count five means 'conspiracy to obstruct justice.'

Count one of the indictment names only Ranjit Gupta, Cyril Cabens, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal. The statement said that under this, the Department of Justice has not named any Adani Group official.

The statement further said, Adani Group officials have been charged only with Count 2: “Alleged Securities Fraud Conspiracy”, Count 3: “Alleged Wire Fraud Conspiracy”.