There are no allegations of bribery and corruption against Gautam Adani: only allegations related to wire fraud, Adani Green said – the news published in the media is wrong.

According to the US Justice Department, Adani Group Chairman Gautam Adani, Sagar Adani and senior executive Vineet Jain do not face bribery-related charges, but there are three other charges. Adani Green Energy issued a clarification on Wednesday and gave this information.

In an exchange filing, AGEL said reports published by various media houses on bribery and corruption charges under the US Foreign Corrupt Practices Act (FCPA) against Gautam Adani, his nephew Sagar Adani and senior director Vineet Jain are ‘incorrect’. Are. However, the officials are facing securities and wire fraud-related charges in the US.

America Department of Justice has five cases The company said the US Department of Justice has five cases pending against it. In this, Gautam Adani, Sagar Adani or Vineet Jain have not been included in Count 1 and Count 5. Count one means ‘conspiracy to violate the FCPA’ and count five means ‘conspiracy to obstruct justice.’

Count one of the indictment only names Ranjit Gupta, Cyril Cabens, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal. The statement said that under this, the Department of Justice has not named any Adani Group official.

The statement further said, Adani Group officials have been charged only with Count 2: “Alleged Securities Fraud Conspiracy”, Count 3: “Alleged Wire Fraud Conspiracy”.