New Delhi, Nov 27 || Adani Group Chairman Gautam Adani, nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charges as per the US Department of Justice (DoJ), according to the latest filing with the stock exchanges by a group company, Adani Green Energy Ltd. (AGEL).
In its filing, AGEL has cited the news reporting by various media houses on the bribery and corruption charges against Adani Officials as ‘Incorrect’.
“Media articles which state that certain of our directors namely Mr Gautam Adani, Mr Sagar Adani and Mr Vneet Jaain have been charged with violation(s) of the US Foreign Corrupt Practices Act (FCPA) in the indictment. Such statements are incorrect,” said the statement filed by Adani Green Energy Ltd.
“Mr Gautam Adani, Mr Sagar Adani and Mr Vneet Jaain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US DOJ or civil complaint of the US SEC,” it added.
In a legal indictment, count refers to individual charges against a defendant.
The DoJ Indictment, which has five counts, does not have any mention of and has excluded Gautam Adani, Sagar Adani or Vneet Jaain in Count One: ‘‘Conspiracy to Violate the FCPA’; neither does it have mention of these three names in Count Five: “Conspiracy to obstruct justice”.