Adani Green Energy Limited
ADANIGREEN
2
exclusion reasons
1 theme
Adani Green Energy Limited is screened out under 2 exclusion reasons spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
DOJ and SEC indictments (November 2024) for defrauding US investors and securities fraud regarding false anti-corruption disclosures during a $750M bond offering
Adani Green Energy Limited is named in a U.S. Securities and Exchange Commission (SEC) civil complaint and a related Department of Justice indictment alleging a bribery scheme to secure multi-billion-dollar energy projects. The November 2024 SEC filing details a scheme to funnel bribes to foreign officials, explicitly naming projects intended for Adani Green Energy Limited. While the company has clarified it is not a direct party to the proceedings and no charges have been brought against the corporate entity itself, the allegations specifically name its leadership, including Chairman Gautam Adani and senior executives, as participants. The severity of the allegations, involving high-value renewable energy contracts, prompted the world’s largest sovereign wealth fund to exclude Adani Green from its portfolio in early 2026, citing unacceptable corruption risk.
Research Sources
2 organizations
Related Exclusions
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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