White House 'Confident in Navigating Crisis Over Adani Row, Cites Strong India-US Ties

The White House has expressed confidence that it can navigate the ongoing crisis surrounding bribery charges against billionaire Gautam Adani, asserting that the relationship between India and the US is built on a strong foundation

“What I will say is on the US and India relationship, we believe that it stands on an extremely strong foundation anchored in ties between our people and cooperation across a full range of global issues,” White House Press Secretary Karine Jean-Pierre said. 

“What we believe and we're confident about is that we'll continue to navigate this issue as we have with other issues that may have come up as you just stated. And so the specifics of this, this is something that the SEC and DOJ can speak to directly, but again, we believe that…this relationship between India and the US has been built on a strong foundation," she said.

Adani group denied charges of paying bribe to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws. It said all possible legal recourse will be sought.

Adani Group on US Court Order: FULL Statement

“The United States Department of Justice and the United States Securities and Exchange Commission have issued a criminal indictment and brought a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against our Board members, Gautam Adani and Sagar Adani. The United States Department of Justice have also included our Board member, Vneet Jaain, in such criminal indictment. In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD denominated bond offerings.”