"We will move ahead as per the provisions of law after examining the records," Naidu said on Wednesday at the TDP's headquarters at Mangalagiri. On Tuesday, the CM said in Vijayawada that the state government cannot scrap the contracts unless there is adequate proof of irregularities.
"We have to pay high penalties if we scrap the contracts. Unless there is clear proof, we cannot take action," he said.
The development comes more than a month after Gautam Adani's indictment in the United States over allegations of bribing Indian government officials to secure "lucrative solar energy supply contracts".
This story is from the January 03, 2025 edition of Financial Express Bengaluru.
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This story is from the January 03, 2025 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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