New Delhi: The Adani Group on Thursday rejected allegations by US prosecutors that its chairman Gautam Adani paid more than $250 million (around ₹2,100 crore) in bribes to secure government contracts in India .

In a statement, the group rejected the accusations made by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) as baseless. The allegations relate to bribes paid in connection with solar energy contracts.

“The allegations made by the DOJ and SEC against Adani Green executives are baseless and denied,” the group said.

An Adani Group spokesperson stressed that the accusations remain allegations and have not been proven. “The charges in the indictment are allegations and the defendants are presumed innocent until proven guilty,” the spokesperson said.

The group said it adheres to governance standards and compliance requirements in all jurisdictions where it operates. “We maintain the highest standards of governance, transparency and regulatory compliance. We assure stakeholders, partners and employees that we are a law-abiding organization and fully compliant with all laws,” adds the press release.

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