Adani Group Denies US Charges Amid $15-20B Investment Plans

At the Adani Group's 2025 Annual General Meeting, Chairman Gautam Adani emphatically denied any charges against the group for violating the U.S. Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice, despite ongoing allegations by the U.S. Department of Justice and Securities and Exchange Commission. The U.S. authorities allege a $250–265 million bribery scheme involving payments to Indian officials to secure solar energy contracts between 2020 and 2024, claims that the group has categorically denied. Adani underscored the conglomerate's strong governance and compliance standards, describing them as non-negotiable and reaffirmed the group's cooperation with legal processes. He also highlighted the group's robust financial performance, record revenues, and ambitious growth plans, including an annual capital expenditure of $15-20 billion over the next five years and a target of 100 gigawatts of renewable and conventional energy capacity by 2030. Additionally, the group reported growth in diversified sectors such as ports, airports, defense technologies, natural resources, and renewable-powered data centers, with a notable upcoming launch of the Navi Mumbai International Airport. Overall, despite the legal challenges, the Adani Group projects resilience and a forward-looking expansion strategy.