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SEC issues summons for Gautam Adani, nephew on bribery allegations

  • The US Securities and Exchange Commission has summoned Gautam Adani and his nephew Sagar to respond to bribery allegations involving $265 million for solar contracts.
  • Federal prosecutors issued arrest warrants against the Adanis, alleging their involvement in bribing Indian officials for power-supply deals.
  • The SEC suit seeks monetary penalties and restricts the Adanis from serving as officers of listed companies.
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Bias Distribution

  • 44% of the sources lean Left, 44% of the sources are Center
44% Left
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