India Responds to Adani Indictment by US Department of Justice
India has denied prior knowledge of the United States’ indictment of industrialist Gautam Adani in an alleged $250 million bribery scheme for securing solar energy contracts. The Ministry of External Affairs clarified that this is a legal matter involving private firms and the US Department of Justice, with no requests received from the US regarding the case.
While the Adani Group has dismissed the allegations as baseless, the indictment has sparked political controversy in India, with opposition leaders demanding accountability. Meanwhile, Indian banks are reportedly reassessing their exposure to Adani entities, as the case continues to unfold on the global stage.