Adani CFO Clarifies Fraud Allegations, Says Only One Contract Involved

Adani Group CFO Jugeshinder Singh addressed the ongoing fraud allegations on Saturday, clarifying that they relate to a single contract involving Adani Green Energy, which accounts for about 10% of the company’s business. In a post on X, Singh emphasized that none of the group’s 11 public companies or their subsidiaries are defendants in the US Department of Justice case.