Adani Calls Report on Bribery Probe by US Prosecutors False (1)

Adani Group companies haven’t received any notice from the US Department of Justice regarding a probe into whether the Indian conglomerate may have engaged in bribery, according to exchange filings.

Bloomberg News reported last week, citing people with direct knowledge of the matter, that US prosecutors have widened their probe of the Adani Group to focus on whether an Adani entity may have engaged in bribery as well as the conduct of the conglomerate’s billionaire founder Gautam Adani. The probe, which is also looking at Indian renewable energy company Azure Power Global Ltd., is being handled by the US ...