Adani Group slams ‘baseless’ New York fraud and bribery charges

Gautam Adani, chairman of Adani Group, emphasized the necessity of fossil fuels for India’s large population at the Forbes CEO Summit in Singapore, stating an immediate elimination of fossil fuels would not be feasible for the nation. The Adani Group has denied allegations of bribery and fraud made by U.S. authorities against Gautam Adani, with shares of companies in the group plummeting following the indictment of Adani in a New York federal court for an alleged bribery and fraud scheme involving solar energy contracts worth over $2 billion.

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