Former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has responded strongly to the allegations made by the United States government regarding bribery linked to a 2021 power deal involving the Adani Group. According to Reddy, the meeting he had with Adani Group Chairman Gautam Adani was not indicative of any wrongdoing, explaining that such meetings are part of his role as chief minister to foster business relationships and attract investments to the state.

Reddy clarified that the power deal, which was signed between the Andhra Pradesh power distribution company and the Solar Energy Corporation of India (SECI), a central government-run PSU, had no direct connection with the Adani Group. He emphasized that the favorable terms of the agreement, including a competitive price of ₹2.49 per unit for power and an inter-state transmission charges waiver, made the deal beneficial for Andhra Pradesh.

Reddy also pointed out that his meetings with businesspeople, including Adani, were part of his regular duties since assuming office in 2019, and that such interactions were key to attracting investment. He rejected the notion that his meeting with Adani in August 2021 had any influence on the deal signed in December of the same year.

In response to the bribery allegations, the Adani Group issued a statement firmly denying any involvement in illicit activities, reaffirming its commitment to transparency and compliance with all applicable laws. The group also vowed to pursue all possible legal avenues to counter the claims made in the US report.