(Reuters) -Aindia Adani Group revived plans for major infrastructure investments in the United States, where the founder of the group was charged with bribery, the Financial Times reported on Sunday.
Since the election of President Donald Trump, the conglomerate has reactivated potential plans for financing projects in sectors such as nuclear energy and utility, as well as Luka on the eastern coast, according to a report, stating four people close to the founder and chairman Gautam Adani.
Federal prosecutors in New York have shot the indictment in November accusing the Gautama Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy.
“We know what we want to do, but we will wait until this (case) is resolved,” the FT person quoted near Adani.
Adani Group said the accusations were “unfounded” and that she would seek “all possible legal recourse.” He did not immediately respond to Reuters’ request for comment on the FT report.
The group had previously spoke with US companies about potential partnerships and considered petrochemical investments in Texas, newspapers said.
After Trump’s victory in November, Gautam Adani said the group planned to invest $ 10 billion in US energy and infrastructure projects, creating potential 15,000 jobs.
Trump has promised to make it easier for energy companies to drill on federal land and the construction of pipelines.
“Once Trump came in, we activated some plans again,” FT said, citing another source he did not appoint.
The US Securities and Exchange Commission asked the Indian authorities last month for assistance to the Gautama Adani and his nephew’s investigation of Sagar Adani for charges of securities fraud and a 265 million dollar bribery scheme.
In 2023, a conglomerate was accused by an American short salesman Hindenburg Research, which was dissolved earlier this year, for improper use of relaxed tax oases and manipulations of shares that fueled a route of $ 150 billion in group companies. Adani denied those allegations.
(Reporting Mrinmay dey in Bengalur; Mounting William Mallard)
