Indian tycoon Gautam Adani has stated that his conglomerate is dedicated to upholding world-class regulatory compliance following the indictment in the U.S. for fraud and an alleged bribery scheme worth millions of dollars. Adani and seven associates were charged with securities fraud, conspiracy, and wire fraud, accused of concealing a bribe to secure contracts and financing. Adani, one of Asia's richest men, remains steadfast amidst the scandal.
NEW DELHI — Indian tycoon Gautam Adani said his conglomerate is committed to “world-class regulatory compliance” after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced.
They were accused of allegedly paying or planning to pay about $265 million in bribes to government officials to help secure contracts and financing amounting to billions of dollars. “The more bold your dreams, the more the world will scrutinize you,” he said. “In today’s world negativity spreads faster than facts. And as we work through the legal process, I want to reconfirm our absolute commitment to world-class regulatory compliance.”
Adani’s imprint across India’s economy runs deep. His group is the country’s largest operator of coal mines and largest infrastructure developer, operating several ports and airports, and employing tens of thousands of people. Despite his fossil fuel roots, Adani has ambitions to become the world’s largest player in renewable energy by 2030.
GAUTAM ADANI FRAUD ALLEGATIONS REGULATORY COMPLIANCE SECURITIES FRAUD BRIBERY SCHEME
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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