Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for violating the U.S. Foreign Corrupt Practices Act.

Adani Green Energy Ltd (AGEL) refuted media claims of bribery charges against Chairman Gautam Adani, his nephew Sagar Adani, and executive Vneet Jaain under the US Foreign Corrupt Practices Act (FCPA).

The Adani Group has issued a clarification regarding the charges against its founder, Gautam Adani, following a US indictment.

Adani Green Energy clarified that Gautam Adani, Sagar Adani, and Vneet Jaain are not charged with bribery under the US Foreign Corrupt Practices Act, according to a US Department of Justice indictment.

Media articles stating that our directors Gautam Adani, Sagar Adani, and Vneet Jaain have been charged with violations of the US Foreign Corrupt Practices Act (FCPA) are incorrect,” AGEL said

Adani Group chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charges per the US Department of Justice, the Adani Group stated today. Adani Green,

In a stock exchange filing, it said reports claiming that they have been charged with FCPA violations “are incorrect“

The Adani Group has refuted the alleged bribery allegations made by the US Department of Justice and the US Securities and Exchange Commission against Group's founder and Chairman Gautam Adani his nephew Sagar Adani and MD CEO Adani Green Energy Vineet Jaain in a filing with the stock exchanges.

Adani Group chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charge in the US indictment, the Adani Group has clarified. Adani Green, a firm under the Adani Group,

Since the bribery indictment last week, Indian billionaire Gautam Adani's net worth has tumbled almost $16 billion to about $54 billion currently, according to Forbes real-time data. The group is also facing a backlash from investors and business partners.