Adani Group strongly denies wrongdoing while facing US bribery allegations: Things you should know
Update: 2024-11-28
Description
Indian billionaire Gautam Adani, his nephew Sagar Adani, and six others face US charges over an alleged $US265 million bribery scheme. The Adani Group, which oversees global infrastructure projects, including in Australia, has issued a statement denying any involvement of the company or its executives in civil or criminal offences and vowed legal action. Corporate litigation lawyer Dr Apurva K Sharma told SBS Hindi that while Adani is indicted, not convicted, the case could harm the conglomerate's reputation. She also praised Australia’s strong laws for safeguarding against corporate fraud.
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