Gautam Adani, founder of Indian energy conglomerate Adani Group, has denied allegations raised in a recent U.S. indictment. Adani has called the allegations of defrauding U.S. investors "baseless" while saying his company will seek "all possible legal recourse." Last month, a court in New York unsealed charges against Adani and his associates in a bribery scheme.
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00:00The founder of an Indian energy conglomerate has responded to allegations of a scheme to defraud U.S. investors,
00:07saying nobody from his company has been charged with corruption.
00:11Less than two weeks back, we faced a set of allegations from the U.S. about compliance practices at Adani Green Energy.
00:27This is not the first time we have faced such challenges.
00:34What I can tell you is that every attack makes us stronger.
00:41U.S. prosecutors filed an indictment alleging Adani Group had planned to pay more than $250 million in bribes
00:48to secure contracts for their renewable energy business.
00:52They're accused of hiding their plan from investors and banks.
00:56Founder Gautam Adani denies the allegations and says his company is committed to global regulatory compliance.