Adani CFO refutes US allegations

way2barak, November 30: Adani Group’s chief financial officer (CFO) rejected US allegations that group executives, including Chairman Gautam Adani, were part of a $265 million bribery scheme. The CFO claimed that the executives of the conglomerate accused in the alleged bribery case would clarify the matter within the next 10 days after seeking legal advice.

“We reject all of this strongly on behalf of the individuals,” CFO Jugeshinder Singh told reporters at an event in Mumbai. “We believe it is not warranted; we know that nothing of this sort happened. If we were paying that amount of cash to someone, I would certainly know, so we know nothing happened,” said Singh. “As a group, there will not be any action (on the US indictment), but individuals will be taking steps,” Singh said on Friday.