The phrase "allegedly equivalent" is correct and usable in written English.
It can be used when discussing claims or assertions about two things being equal or similar, without confirming the truth of that assertion.
Example: "The two products are allegedly equivalent in terms of performance, but further testing is needed to verify this claim."
Alternatives: "reportedly equal" or "supposedly similar".
The SFO is also pursuing six individuals for allegedly rigging Euribor, the European equivalent of Libor.
Two former KGB agents allegedly killed Litvinenko, then, using the equivalent of a small nuclear bomb.
On Tuesday the Venezuelan unit of General Motors was fined the equivalent of US$85,000 for allegedly overcharging and practicing "usury" in the sale of car parts to local concessionaires.
Although the Philippines has an extradition treaty with, for example, the United States, it cannot be applied where a law allegedly broken in America has no equivalent in the Philippines.
Last January, as I understand it, the White House promised Big Pharma, big insurance, and the American Medical Association the moral equivalent of what Joel Halderman allegedly demanded of David Letterman: hush money.
In early November, the police announced a theft related to the development of GLONASS, a Russian-made equivalent of the G.P.S. navigation system; the stolen funds allegedly amounted to six-and-a-half-billion rubles, or over two hundollarsllion dollars.
It's rather funny that people who so bitterly denounce the manipulated politics of our allegedly corporate-controlled society should themselves end up repeating the anarchist equivalent of Dick Morris sound bites.
In the same way that Special Economic Zones have triggered enormous economic growth in places like Shenzhen, Dubai, and even Iran, we need an American equivalent; a Special Regulatory Zone where the normal rules and regulations which (allegedly) apply to today's technology will hold no sway.
Published in 1993 - the year after his first resignation from the Commons, allegedly to make way at Plymouth Sutton for a non-appearing David Owen - they were the political equivalent of posthumous memoirs.
Later, after allegedly promising Batista a favorable antitrust decision, the congressman was filmed wheeling a suitcase filled with the equivalent of around a hundred and fifty thousand dollars in cash provided by one of Batista's company executives.
