The White House has expressed confidence in the resilience of India-US relations amidst the controversy surrounding bribery allegations against Adani Group chairman Gautam Adani. White House Press Secretary Karine Jean-Pierre reaffirmed the strength of the bilateral relationship during a press briefing on Thursday.
Key Points:
- Awareness of Allegations:
The US administration is aware of the charges against Adani, who has been accused of orchestrating a $250 million bribery scheme to secure solar power contracts in India. Jean-Pierre referred questions on the specifics of the allegations to the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). - Strength of India-US Ties:
“The relationship between India and the US stands on an extremely strong foundation anchored in ties between our people and cooperation across a full range of global issues,” Jean-Pierre emphasized. - Confidence in Navigating Challenges:
The Press Secretary noted the US is confident in its ability to manage the current situation, just as it has successfully handled other challenges in the past.
Market Impact:
Following a sharp sell-off in Adani Group stocks earlier this week, the market witnessed a partial recovery on November 22.
The White House’s remarks underscore the strategic importance of the India-US partnership, signaling that broader bilateral relations remain unaffected by the ongoing allegations against Adani.
