Adani Group on defense over reports of FCPA probe
By 
Aaron Nicodemus2024-03-21T18:21:00
Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice (DOJ) into bribery allegations against a “third party” but denied a relationship with it.
The denial comes on the heels of media reports that Adani Group and its founder, Gautam Adani, were believed to be involved in paying officials in India for favorable treatment on an energy project.
Bloomberg News, citing people with direct knowledge of the matter, said the U.S. Attorney’s Office for the Eastern District of New York, as well as the DOJ’s Fraud Section, were looking into potential violations of the Foreign Corrupt Practices Act by Gautam Adani; Adani Group; and Azure Power, another Adani Group subsidiary.
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