Adani Group Denies US Bribery Allegations, Secures $1 Billion for Mumbai Airport Ahead of AGM 2025

As the Adani Group held its Annual General Meetings (AGMs) on Tuesday, Chairman Gautam Adani firmly dismissed recent bribery allegations by U.S. authorities and reaffirmed the group’s commitment to transparency and growth.

Kicking off the Adani Enterprises AGM at 10:30 a.m., followed by Adani Ports at 12:30 p.m., Gautam Adani opened the proceedings by paying tribute to India’s armed forces for their role in Operation Sindoor and expressing condolences for the victims of a recent Air India crash.

Addressing the bribery probe involving the U.S. Securities and Exchange Commission (SEC), Adani clarified that no individual from the conglomerate had been charged with violating the Foreign Corrupt Practices Act (FCPA) or interfering with any investigations. The response came in light of reports that both he and his nephew Sagar Adani were summoned in connection with alleged irregularities in a $750 million bond issue by Adani Green Energy.

Major announcements and the Adani Group’s strategic plans for the future are expected to be unveiled during the AGMs.

Despite the scrutiny, Adani emphasized the group’s resilience and strong compliance record. “We continue to remain committed to the highest standards of governance,” he stated.

On the business front, Adani Airports Holdings Limited (AAHL) confirmed securing $1 billion in project financing for Mumbai International Airport Ltd (MIAL), which manages Chhatrapati Shivaji Maharaj International Airport (CSMIA). The funding marks a significant milestone in expanding and modernizing one of India’s busiest airports.

Looking ahead, Adani revealed the group plans to invest $15–20 billion annually in capital expenditure over the next five years, aiming not only for business growth but also to support India’s infrastructure ambitions.

Financially, Adani Enterprises reported a massive 752% year-on-year surge in net profit for the March 2025 quarter, reaching ₹3,845 crore, primarily driven by a one-time gain of ₹3,286 crore. However, operational revenue declined by 8% YoY to ₹26,966 crore.

Markets responded positively, with shares of all Adani Group companies trading in the green ahead of the AGM.

Further announcements on the group’s strategic roadmap are expected during the course of the day’s AGMs.