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Adani says his empire will emerge stronger after US bribery case

Bloomberg
Bloomberg • 3 min read
Adani says his empire will emerge stronger after US bribery case
'This is not the first time we have faced such challenges,' says Adani, seen here in a file photo / Photo: Bloomberg
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Indian billionaire Gautam Adani struck a combative tone in his first public remarks since US prosecutors indicted him in a US$250 million bribery scheme, saying “every attack” makes his conglomerate stronger.

In his first public appearance since the indictment became public on Nov 21, Asia’s second-richest man said no one in his conglomerate faces US charges under the Foreign Corrupt Practices Act or conspiracy to obstruct justice, and that he’s working through the legal process “to reconfirm our absolute commitment to world-class regulatory compliance.”

“This is not the first time we have faced such challenges,” Adani said in prepared remarks to a jewellry award ceremony in Jaipur, India, on Saturday. “What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group.”

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