Adani Group denies US bribery allegations, issues statement

Adani Group has denied bribery allegations made by the US Department of Justice and US Securities and Exchange Commission against Gautam Adani, nephew Sagar Adani and others, calling them "baseless". "The charges in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty," Adani Group said. "All possible legal recourse will be sought," it added.