US President Donald Trump stayed the enforcement of a US law that bans bribery in foreign countries. This decision could affect global corruption investigations, including any potential scrutiny of Indian billionaire Gautam Adani. The law, known as the Foreign Corrupt Practices Act (FCPA), is crucial in holding multinational corporations accountable. If enforcement remains weak, cases involving overseas financial dealings may face reduced oversight.
The Gautam Adani-led Adani Group has engaged two leading US law firms, Kirkland & Ellis and Quinn Emanuel Urquhart & Sullivan LLP, to represent the company in a US indictment case. The firms, known for their expertise in complex legal disputes, will handle the group’s defence in court. This development comes amid growing scrutiny of the company’s international operations. The legal strategy aims to address the charges effectively and safeguard the group’s interests.
Today, On 27th November, Senior Advocate Mahesh Jethmalani defended the Adani Group against U.S. court allegations, labeling them “sketchy” and questioning their timing before the parliamentary session. He stated there is no evidence linking Gautam Adani or executives to wrongdoing, criticizing Congress for politicizing the issue without substantiating claims of bribery or legal violations.
Today, On 27th November, Senior Advocate Mukul Rohatgi addressed allegations against the Adani Group, including Gautam Adani, regarding a supposed Rs. 265 million bribery scheme for solar contracts. Rohatgi refuted the charges, emphasizing a lack of specific evidence in the indictment and asserting that none of the Adani executives were directly implicated. The group continues to deny the allegations.