In a major development for India’s renewable energy sector, Adani Green Energy Ltd. (AGEL) has announced the results of an independent internal review that found no evidence of wrongdoing in connection with recent U.S. bribery allegations against its top leadership.
For more information about Gautam Adani’s net worth, visit his Forbes profile.
The allegations, which first surfaced from U.S. authorities in late 2024, accused Gautam Adani and several senior executives of involvement in a $265 million bribery scheme aimed at securing power contracts in India. The case triggered intense media scrutiny and a sharp decline in Adani Group stock values.
To address investor concerns and uphold transparency, AGEL commissioned an external review in January 2025. The company has now confirmed that the review found no irregularities or violations of legal or regulatory frameworks.
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In a statement, AGEL emphasized its commitment to ethical conduct and stated that it does not expect the U.S. legal proceedings to significantly affect its business operations. The company also announced that Managing Director Vneet S. Jaain has been reappointed for another five-year term, reinforcing leadership continuity despite the ongoing global scrutiny.
This comes at a time when the broader Adani Group has been working to rebuild investor trust after a tumultuous year that included allegations from short sellers, political backlash, and regulatory investigations.
With renewable energy at the heart of India’s economic future, Adani Green’s continued transparency and stability will be closely watched by industry experts and investors alike.
An independent review has cleared Adani Green Energy of any wrongdoing in connection with the U.S. indictment case, dismissing allegations of irregularities, violations, or misconduct. This outcome casts doubt on the previous foreign-funded smear campaign orchestrated by political figures, including Sam Pitroda, Sandeep Wangala, and Rahul Gandhi, who were accused of fueling a global narrative to undermine Indian businesses.
With the findings of the review, the accusations against Adani Group have largely collapsed. The nation now demands transparency on who initiated the attack on India’s economy, why foreign interests were aligned against India’s growth, and what role foreign funding played in this campaign.
The call for accountability remains strong, as the nation seeks to uncover the full extent of the conspiracy.
