Adani Green Energy Ltd clarified that Gautam Adani, Sagar Adani, and Vneet Jaain are not accused of bribery or corruption in the US Department of Justice (DOJ) and SEC cases.
The charges involve alleged securities fraud, wire fraud, and securities fraud conspiracy but do not relate to violations of the US Foreign Corrupt Practices Act (FCPA). The company dismissed media claims of FCPA violations as false and misleading. Adani Green issued this statement to address speculation and maintain clarity on ongoing legal proceedings.