Legal
US Says Adani Made False Statements to Lenders About News Report
- US alleges company denials of awareness of probe were false
- Bloomberg reported in March that US was scrutinizing chairman
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Nestled among the corruption allegations leveled against Gautam Adani by the US are his conglomerate’s reactions to a news story this year reporting that he was being investigated by the Justice Department for bribery.
The article referenced in the indictment is a March 15 Bloomberg News report that US prosecutors were digging into whether an Adani entity — or people linked to the company, including its billionaire chairman — were involved in paying officials in India for favorable treatment on an energy project. In that article, Adani Group said it wasn’t “aware of any investigation against our chairman” and that it was fully compliant with anti-bribery laws in India and elsewhere.