The Adani Group has been recently cleared of bribery charges by the US Department of Justice, according to a filing made by Adani Green Energy Ltd. Various media houses had reported the charges against Group Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain, but the company has denied these reports as incorrect. The statement filed by Adani Green Energy Ltd. clarified that the three individuals were not charged with any violation of the US Foreign Corrupt Practices Act.
Billionaire Gautam Adani's group companies have stated that they have not received any notice from the US Department of Justice regarding a potential bribery investigation. However, its renewable energy firm Adani Green Energy is aware of an investigation into allegations of violations of American anti-corruption laws by a third party. The company has stated that it has no relationship with the said third party and is thus unable to provide details of the investigation or the charges. Experts believe that the legal basis for the investigation could be the US Foreign Corrupt Practices Act and, if found guilty, the companies could face hefty fines and potential imprisonment.