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US Regulator Seeks to Bypass Indian Government to Serve Adani Summons
The SEC seeks direct email service after India refused twice to serve summons in a $265 million bribery and fraud case against Adani executives.
- The U.S. Securities and Exchange Commission asked a New York court to e-mail summons to Gautam Adani and Sagar Adani over alleged fraud and a US$265-million bribery scheme, having tried to serve them since last year.
- After two formal refusals, the SEC says India raised authority doubts, with the law ministry citing signature and seal rules in the second rejection in December last year.
- An indictment unsealed in November 2024 accused executives of arranging bribes to Indian officials linked to purchases from Adani Green Energy, and the SEC complaint alleges they misled U.S. investors.
- Dated Jan. 21, the SEC filing said further Hague Convention attempts are unlikely to succeed, and Reuters did not immediately receive comment on the filing.
- Gautam Adani was publicly seen at the Gems and Jewellery Awards in Jaipur in 2024, while the SEC has pursued summons since last year amid deteriorating U.S.-India ties.
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Coverage Details
Total News Sources20
Leaning Left3Leaning Right3Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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