Jugeshinder Robbie Singh, the Chief Financial Officer of Adani Group, recently addressed concerns regarding a U.S. bribery indictment, explaining its scope and impact on the company. Singh detailed that the indictment was specifically linked to a single contract involving Adani Green Energy. This contract, he noted, constituted about 10% of Adani Green Energy’s business operations.

During his address, Singh aimed to clarify the extent of the allegations, asserting that they were confined to this particular segment of the business and did not implicate the wider operations of Adani Group. He emphasized that the issue was isolated and related to specific circumstances surrounding the contract in question.

The allegations arose from events dated February 2, indicating a focused period of concern. Singh’s statements were part of Adani Group’s effort to maintain transparency about the challenges they face and how they are managing legal and ethical issues within their business practices. This approach is part of the group’s broader strategy to ensure accountability and uphold its commitment to ethical business conduct.