Vested Reporting Spreads Negativity, Stand Strong Against Allegations: Gautam Adani
Addressing the legal matter involving the US Department of Justice, Adani Group Chairman Gautam Adani on Saturday responded to it as a challenge which the Group has faced “not for the first time”.
“As most of you would have read, less than two weeks back, we faced a set of allegations from the US about compliance practices at Adani Green Energy. This is not the first time we have faced such challenges,” Adani said at the 51st Gem and Jewellery Awards in Rajasthan’s Jaipur. “What I can tell you is that every attack makes us stronger, and every obstacle becomes a steppingstone for a more resilient Adani Group.”
He reiterated that despite a lot of the “vested reporting”, no one from the Adani Group has been charged with any violation of the FCPA or any conspiracy to obstruct justice. “Yet, in today’s world, negativity spreads faster than facts — and as we work through the legal process, I want to re-confirm our absolute commitment to world class regulatory compliance.”
Adani reaffirmed the Group’s commitment to maintaining world-class regulatory compliance standards. “We are dedicated to transparency and adherence to regulatory frameworks,” he concluded.
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Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”