Delhi/Hyderabad, June 24 (Maxim News): The Adani Group plans to invest a record USD 15-20 billion across businesses over the next five years to chart out the next phase of growth. Chairman Gautam Adani said on Tuesday as he touted the conglomerate’s strong balance sheet and robust business to shrug off relentless scrutiny it faces.
Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India’s largest infrastructure group that not only exists just to serve the markets but to serve the nation’s destiny, he said.
Addressing the group’s annual general meeting virtually, he referred to recent indictment by the US authorities in an alleged bribery scheme to win lucrative renewable energy supply contracts, saying no one from Adani Group has been charged with violating US Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice.
“Even in the face of the storms and relentless scrutiny, the Adani Group has never backed down. Instead, we proved that true leadership is not built in sunshine. It was constructed in the fire of crisis, he said.
“This was tested again last year, when we faced allegations from the US Department of Justice and the SEC relating to Adani Green Energy,” Despite all the noise, “the facts are that no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice,” he said.
“We live in a world where negativity often echoes louder than the truth. And as we cooperate with legal processes, let me also restate that our governance is of global standards, and our compliance frameworks are non-negotiable,” (Maxim News)
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