Adani Says No Company Officials Are Facing US Bribery Charges.

Indian billionaire Gautam Adani stated that no one in his conglomerate is facing US charges under the Foreign Corrupt Practices Act or conspiracy to obstruct justice, following a federal indictment alleging a $250 million bribery scheme. Adani emphasized his commitment to regulatory compliance and resilience in the face of challenges. The indictment led to stock fluctuations, bond cancellations, and regulatory inquiries, with Adani Group denying any misconduct and preparing to defend itself in court. The investigation is ongoing, and Adani Green anticipates potential monetary penalties. [Extracted from the article]