Not aware of any quid pro quo offer: Adani

Gautam Adani, the billionaire industrialist, has submitted a sworn affidavit in a U.S. court, asserting he was unaware of any "quid pro quo" offer that led to the U.S. Department of Justice dropping charges against him and his associates. The charges involved bribery and fraud allegations.

The affidavit was filed in response to a July 8 order from the U.S. District Court for the Eastern District of New York. The court had requested Adani to confirm under oath whether he knew of any promise or agreement linked to the dismissal of the indictment. In his statement, Adani acknowledged a November 2024 post on X regarding the Adani Group's plans to invest $10 billion and create 15,000 U.S. jobs. He clarified that at the time of the post, the indictment and SEC complaint were not yet public, and he was unaware of their existence.

Adani also noted that his legal counsel had suggested his investment intentions might be part of a legal resolution. However, he stated the Justice Department made it clear that U.S. investment promises would not influence their decision on pursuing legal charges. This aligns with statements from principal associate deputy attorney general Trent McCotter. The Justice Department had filed charges in 2024, alleging bribery for solar power contracts and securities fraud. The decision to drop the charges in June sparked controversy, with media reports suggesting the Adani group's investment offer played a role. The U.S. Securities and Exchanges Commission (SEC) had previously settled its civil lawsuit against Adani and his nephew Sagar Adani for $18 million in penalties.

“

When I made this post, the Indictment and SEC Complaint had not yet been unsealed and made public, and I was unaware of their existence.