International Partners Stand by Adani Group Despite US Bribery Charges
Following the US indictment of Adani Group founder Gautam Adani on bribery charges, several international partners have reaffirmed their support for the Indian conglomerate.
Abu Dhabi's International Holding Company (IHC), a major investor in Adani Group, expressed continued confidence in the company's contributions to green energy and sustainability. IHC stated that its outlook on investments in Adani Group remains unchanged despite the recent allegations.
Sri Lanka Ports Authority also reiterated its ongoing partnership with Adani, highlighting the group's crucial role in expanding the country's port infrastructure. The $1 billion Colombo terminal project, a major foreign direct investment in Sri Lanka's port sector, is expected to be operational within the next few months.
Tanzanian government also reaffirmed its commitment to its agreements with Adani Ports, emphasizing that ongoing projects comply with Tanzanian law and raise no concerns.
Despite the US charges, Adani Group's shares have shown positive movement, indicating continued investor confidence in the company's future. The group has denied all allegations and stated its intention to pursue legal recourse to defend itself.