(Reuters) – A US agency said on Sunday it was studying the impact of corruption charges from the US Department of Justice (DOJ) against the founder of the Indian group Adani on an agreement by the agency to lend more than $550 million to a port development project supported by the group in Sri Lanka.
The US International Development Finance Corp (DFC) agency announced last November financing for the port terminal project in Colombo, capital of Sri Lanka, partly owned by Adani Group.
Gautam Adani, the chairman of the Indian conglomerate Adani, was indicted in the United States along with seven others for allegedly operating an alleged scheme to pay hundreds of millions of dollars in bribes and falsifying financial statements, New York prosecutors said Wednesday.
“DFC is aware of the recent allegations relating to Adani and is actively evaluating the ramifications in light of the DOJ’s recent announcement,” an official with the development agency said in a statement, confirming a Bloomberg report.
Adani Group did not immediately respond to requests for comment from Reuters.
The case continues to have multiple ramifications. According to legal documents reviewed by Reuters, the Adanis knew they were under investigation during the sale of assets to TotalEnergies
(Gursimran Kaur and Disha Mishra in Bangalore, Gilles Guillaume for the )
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