Adani Group does not receive notice from US investigative agencies on bribery probe, denies third-party links – India TV Hindi

Adani- India TV Paisa

Image: File Adani Group Chairman Gautam Adani

Most of the companies in the Adani Group, led by billionaire businessman Gautam Adani, have denied receiving notices from the United States regarding the probe into allegations of bribery, but the group’s renewables company, Adani Green, has said that its investigation is ongoing. Being done by unaffiliated third parties. In a US anti-corruption investigation. He is aware of investigations into possible violations of the law. However, the company has denied any link with the alleged third party.

Let us tell you, the stock exchange had asked Adani group companies to comment on a media report that said an investigation was underway in the US into the alleged involvement of a unit of the Adani group in bribery. are

All companies sent responses.

All Adani group companies have sent responses to the exchange. He has dismissed this alleged report as false and said that he has not received any notice regarding bribery from the American government agencies. However, Adani Green said it was aware of an investigation by the US Department of Justice into possible violations of US anti-corruption laws by a third party. But the company has not received any notice in this regard. We have no further connection with this third party. We are therefore unable to comment on the scope of the current US investigation into whether the Company or any of its officials are or have been in contact with third parties in connection with the alleged transactions.

JP Morgan issued a note.

Financial giant JP Morgan issued a note on the matter, saying that few details about the investigation were available. Due to which the investigation cannot reach any conclusion. Because of this, it will have a very limited impact. Assuming this news is true, the US Foreign Corrupt Practices Act (FCPA) forms the legal basis for such an investigation.

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