#gautamadani #adanigroup #adanigreen #adanifraudcase #joebiden
The White House expressed confidence that strong ties will help India and the US navigate the turmoil in the wake of bribery and fraud charges against Indian billionaire Gautam Adani. White House Press Secretary Karine Jean-Pierre addressed the allegations during a press briefing on Friday, stating that the Biden administration is aware of the charges against Adani, the chairman of Adani Group. Adani, 62, was indicted in New York along with his nephew Sagar Adani, 30, and other executives for their roles in an alleged multibillion-dollar bribery and fraud scheme to secure lucrative solar energy contracts. "We are aware of these allegations, and I would have to refer you to the SEC (Securities and Exchange Commission) and DOJ (Department of Justice) about the specifics of those allegations against the Adani Group," Jean-Pierre said.
Downplaying any potential fallout with India over the bribery scandal, she stated, "What I will say is, on the US and India relationship, we believe that it stands on an extremely strong foundation, anchored in ties between our people and cooperation across a full range of global issues." The spokesperson asserted the resilience of India-US bilateral ties, adding, "And so what we believe, and we're confident about, is that we'll continue to navigate this issue, as we have with other issues that may have come up." Adani and his associates, including executives of Adani Green Energy Ltd and Cyril Cabanes of Azure Power Global Ltd, were charged with conspiracy to commit securities and wire fraud, as well as substantive securities fraud. The DOJ alleges that they orchestrated a scheme to obtain funds from US investors and global financial institutions through false and misleading statements.
#usindiarelations #briberycharges #SecuritiesFraud #bidenadministration #karinejeanpierre #USIndiaPartnership #AdaniScandal #SolarEnergy #FraudAllegations #GlobalInvestors #DiplomaticTies #EconomicCrime #renewableenergyipo
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