The Adani Group, one of India’s largest conglomerates, has firmly rejected allegations made by the US Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC) involving criminal charges and a civil complaint against some directors of Adani Green Energy Limited, including Chairman Gautam Adani. The company described the allegations as “baseless and denied.”
According to a statement released by the Adani Group, the charges pertain solely to individuals and do not implicate the company or its operations. The US DOJ filed criminal charges, while the SEC lodged a civil complaint with the District Court for the Eastern District of New York. The allegations reportedly involve Gautam Adani and two other board members of Adani Green Energy Limited.
The Adani Group emphasized that the charges remain unproven. Quoting the DOJ’s own position, the company noted, “The charges in the indictment are allegations, and the defendants are presumed innocent unless and until proven guilty.” The conglomerate assured stakeholders that it would pursue all available legal remedies to protect its interests and reputation.
In a letter addressed to the National Stock Exchange of India Limited (NSE), Adani Energy Solutions Limited clarified that no allegations have been made against the company itself. The communication referenced a recent article published by CNBC TV18 that brought the matter into public focus.
In its media release, the Adani Group reaffirmed its unwavering commitment to governance, transparency, and regulatory compliance across all jurisdictions where it operates. The company sought to reassure stakeholders, partners, and employees of its compliance with global legal standards.
This incident comes amid heightened scrutiny of the Adani Group following earlier international controversies. Despite this, the conglomerate reiterated its position as a law-abiding organization that maintains the highest standards of corporate responsibility.
