New Delhi
After Gautam Adani and his group were accused of bribery and fraud by US officials, Adani Group has vehemently rejected these allegations. The group has issued an official statement saying that all the allegations are completely baseless and false.
Adani Group’s statement
Adani Group said, “We have always fully complied with the laws and regulations of all countries. The allegations made by the US authorities are completely baseless and there is no legal basis for any action against us. Our priority has always been transparency and respect for the law.” The group also said that they will fully cooperate with the US authorities in this matter and will take all possible steps to bring out the truth.
impact of market decline
Although Adani Group has rejected the allegations, the impact of these news was clearly visible on the market. The group’s shares saw a decline of 10% to 20% on Thursday.
