NEW DELHI (Reuters) โ A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerateโs other companies are accused of wrongdoing, the groupโs CFO said on Saturday.
On Wednesday, Gautam Adani, one of the worldโs richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
Adani Group has denied the allegations calling them โbaselessโ.
Group CFO Jugeshinder Singh sought to defend the allegations on Saturday saying none of Adaniโs 11 public companies โare subject to indictmentโ or โare accused of any wrongdoing in the said legal filingโ.
The allegations in the U.S. indictment relates to โone contract of Adani Green which is roughly 10% of overall business of Adani Greenโ, Singh said on X, adding the group will share more details at a later point.
(Reporting by Aditi Shah and Aditya Kalra; Editing by William Mallard and Christopher Cushing)