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Fate of Adani alleged bribery case could hang on Trump presidency

Adani Group founder Gautam Adani and nephew Sagar summoned by SEC for alleged bribery in solar power contracts.

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U.S. SEC summons Gautam Adani, nephew Sagar in bribery case

The US Securities and Exchange Commission (SEC) has summoned Gautam Adani and Sagar Adani, alleging a $265 million bribery scheme to secure solar power contracts. The SEC claims Adani Green Energy Ltd misled investors about its anti-corruption practices while raising funds. The Adani Group denies wrongdoing and plans to pursue legal action.

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Gautam Adani, nephew summoned by US SEC in $265 million bribery case

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New York: Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying USD 265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence in the same city for a reply to SEC within 21 days. “Withi…

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Gautam Adani, nephew Sagar summoned in USD 265 million bribery case

The Hindu Patrika Adani US indictment: SEC issues summons to Adani Group, nephew Sagar in bribery case Nilesh Desai   
NEW DELHI: Days after submitting a lawsuit in a New York courtroom, the Securities & Exchange Commission has issued summons to Adani Group founder and chairman Gautam Adani and his nephew “Within 21 days after service of this summons on you…you must serve on the plaintiff (SEC) an answer to the attached complaint or a motion und…

The Hindu Patrika

Adani US indictment: SEC issues summons to Adani Group, nephew Sagar in bribery case

Gautam Adani and seven other defendants allegedly consented to pay approximately $265 million in bribes.   Gautam Adani, the founder and chairman of Adani group, along with his nephew  Sagar Adani , have received summons regarding the US Securities and Exchange Commission’s (SEC) claims about paying $265 million (Rs 2,200 crore) in bribes for obtaining profitable solar power contracts. A US indictment represents a formal written accusation initi…

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Gautam Adani, nephew Sagar summoned by US SEC in $265 million bribery case

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Indian billionaire Gautam Adani. File
| Photo Credit: Reuters
Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to elucidate their stand on the U.S. Securities and Exchange Commission (SEC) allegation of paying $265 million (₹2,200 crore) in bribes to safe profitable solar energy contracts.  Summons have been despatched to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s…

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Gautam Adani, nephew Sagar summoned by US SEC in bribery case

US SEC Summons Gautam Adani, Nephew Sagar In Bribery Case New York- Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying USD 265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence …

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US SEC Summons Gautam Adani, Nephew Sagar In Bribery Case

New York: Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence in the same city for a reply to SEC within 21 days. “Within 2…

Fate of Adani alleged bribery case could hang on Trump presidency

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