Wamuzi News Ke
Indian billionaire Gautam Adani has spoken about the challenges confronting the Adani Group for the first time following his U. S. indictment for corruption, which prompted President William Ruto to annul the group’s Kenyan agreements.
During an awards ceremony in India on Saturday evening, Adani downplayed the accusations against his company, affirming that his conglomerate is dedicated to “world-class regulatory compliance. ”
“This is not the first time we have encountered such challenges. What I can share is that each attack fortifies us. And every hurdle transforms into a foundation for a tougher Adani Group,” the 62-year-old stated.
While emphasizing that the challenges his company faces are “the cost of pioneering,” Adani noted, “In today’s world, negativity spreads quicker than facts. And as we navigate the legal process, I wish to reiterate our unwavering commitment to world-class regulatory compliance. ”
Prior to Adani’s direct comments, the group issued an official statement in response to the serious accusations from the U. S. , labeling them as ‘baseless. ’
However, damage might have already occurred, as Adani’s interests abroad have taken a significant downturn.
Adani, recognized as one of Asia’s wealthiest individuals, drew global attention on November 20 after U. S. prosecutors in New York charged him with conspiracy to commit securities fraud and mislead investors.
The billionaire, along with seven other associates, faced accusations of allegedly offering or planning to offer approximately $265 million (Ksh35 billion) in bribes to government officials to secure billion-dollar contracts.
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