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Adani Group's 11 public firms not subject to any US indictment, says CFO
The Statesman
|November 24, 2024
Adani Group Chief Financial Officer (CFO) Jugeshinder Singh on Saturday addressed the ongoing controversy surrounding allegations of fraud against the group, clarifying that the allegations pertain to a single contract involving Adani Green Energy, which represents approximately 10 per cent of the company's overall business.
In a post on X, Singh said (DoJ), nor are they accused of wrongdoing. "@AdaniOnline has a portfolio of 11 public companies and none are subject to indictment (defendants in any legal proceedings in the recent #DOJ lawyer filings to a court in NYC). None of the issuers (companies in our portfolio or specific issuers that are subsidiaries of the public companies) are accused of any wrongdoing in the said legal filing," he posted on X.
This story is from the November 24, 2024 edition of The Statesman.
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