White House on Adani Case: Strong US-India Ties Will Withstand Allegations

“Aakhir Tak – In Shorts”

1. The White House expressed confidence in strong US-India ties amid Adani bribery allegations.
2. Gautam Adani and associates face $265 million bribery charges in a US court.
3. The US administration is aware of the allegations and trusts its investigative agencies.
4. The Biden administration stated US-India relations will remain unaffected.
5. Adani Group denied the charges, calling them “baseless.”

“Aakhir Tak – In Depth”

White House Statement:
The White House addressed allegations against Gautam Adani and his associates on Friday. Press Secretary Karine Jean-Pierre acknowledged the charges but emphasized the strength of US-India relations. She stated that the partnership is robust, built on mutual interests and cooperation on global issues.

She remarked, “We believe that the US-India relationship stands on an extremely strong foundation. We are confident in navigating this issue as we have with others.”

Details of the Allegations:
Gautam Adani, his nephew Sagar Adani, and several executives face allegations of orchestrating a $265 million bribery scheme to secure solar energy contracts. The DOJ and SEC claim the Adani Group provided false information to raise funds from US investors.

Adani Group’s Response:
The Adani Group categorically denied the allegations, calling them “baseless.” Following the accusations, Adani Group’s shares plummeted by over 23%, resulting in a ₹2 lakh crore market value loss.

US-India Relations:
The White House reassured that the bilateral relationship remains strong. Both countries share deep economic and diplomatic ties, and the administration believes the current issue will not impact their cooperation.

“Key Takeaways to Remember”

• The White House emphasized the resilience of US-India relations amid Adani bribery allegations.
• Adani Group denied the charges, calling them unfounded.
• Diplomatic ties remain unaffected despite ongoing controversies.

Aakhir Tak Editor-in-Chief

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