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US charges linked to only one business contract: Adani CFO - SABC News - Breaking news, special reports,

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A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract.

A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group’s CFO said on Saturday.

The allegations in the US indictment relates to “one contract of Adani Green, which is roughly 10% of overall business of Adani Green”, Singh said on X. Adani, which has several other global projects, is also charged with misleading US investors about Adani Green’s compliance with antibribery principles and laws.“We were aware that something is afoot,” he said, adding the company disclosed as much to investors in its $750 million 2024 bond offering, about $175 million of which was raised from financial institutions in the United States.

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