In order to conceal corruption from shareholders and creditors, Gautam Adani, his brother Nagar Adani, and past Adani Green Energy CEO Vneet Jaain, according to prosecutors, raised more than US$ 3 billion in loans and bonds.
Adani Group stated on Thursday that it would request” all possible legal recourse” against allegations made by the US Securities and Exchange Commission and the US Department of Justice in a related legal case.
The Adani Group has consistently upheld and is firmly committed to upholding the highest standards of leadership, accountability, and compliance with all of its operating laws.
” We assure our partners, partners and staff that we are a law-abiding company, totally obedient with all regulations.”
Kenya on Thursday canceled the roughly US$ 2 billion procurement process that had been anticipated to grant Adani Group control of the nation’s major airport.
In its household market, Adani Group has a significant business presence. However, according to Citigroup experts, the majority of American banks ‘ full loans were less than 1 % of the total loans.