Brief by Shorts91 Newsdesk / 08:23am on 21 Nov 2024,Thursday Business
The Adani Group has strongly rejected bribery and securities fraud charges brought by US prosecutors against its chairman, Gautam Adani, and other executives. Calling the allegations "baseless," the group affirmed its commitment to transparency and legal compliance. The statement also highlighted the presumption of innocence as per US law. This response follows a significant drop in the group's market capitalization, which plummeted over Rs 2 lakh crore amid heightened stock volatility. The Adani Group has pledged to pursue all available legal remedies to address the accusations.
