Gautam Adani, Sagar Adani Vneet Jaain not charged with FCPA violations: Adani group
New Delhi, Nov 27 (UNI): Adani group on Wednesday denied that its directors Gautam Adani, Sagar Adani and Vneet Jaain have been charged with violation of the US Foreign Corrupt Practices Act (FCPA).
“Mr. Gautam Adani, Mr. Sagar Adani and Mr. Vneet Jaain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US DOJ (US Department of Justice) or civil complaint of the US SEC (US Securities and Exchange Commission),” Adani group company Adani Green Energy Ltd said in a stock exchange filing.
Adani Group clarified that three of its directors, Gautam Adani, Sagar Adani and Vneet Jaain have been charged on three counts in the criminal indictment, namely alleged securities fraud conspiracy, alleged wire fraud conspiracy, and alleged securities fraud.
The US Department of Justice and the Securities and Exchange Commission last week issued a criminal indictment and brought a civil complaint, respectively, in the United States District Court for the Eastern District of New York against its directors, Gautam Adani, Sagar Adani, and their associates.
