In response to charges filed by US prosecutors accusing Adani Group Chairman Gautam Adani and other Indian executives of involvement in an alleged bribery scheme, Adani Green Energy issued an official statement, saying it will not move forward with its proposed USD-denominated bond offerings. 

The company’s decision comes amid growing scrutiny and legal challenges surrounding the group. Adani Green Energy, a major player in India’s renewable energy sector, made this move as it explores the legal and financial implications of the ongoing investigation.

In an exchange filing on Thursday, Adani Green Energy Limited said that the United States Department of Justice and the United States Securities and Exchange Commission have issued a criminal indictment and brought a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against our Board members, Gautam Adani and Sagar Adani. "The United States Department of Justice has also included our Board member, Vneet Jaain, in such criminal indictment. In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD-denominated bond offerings," the statement added.