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The U.S. Securities and Exchange Commission (SEC) has requested assistance from Indian authorities in its investigation of Gautam Adani, founder of the Adani Group, and his nephew Sagar Adani. The investigation centers around allegations of securities fraud and a bribery scheme involving $265 million. A court filing indicates that the SEC seeks to serve a complaint to the Adanis, who are currently in India. This request comes shortly after Indian Prime Minister Narendra Modi's visit to the United States. The SEC's actions have led to increased scrutiny of Adani Group stocks, which have experienced selling pressure amid the ongoing investigation.
The US Securities and Exchange Commission on Tuesday sought assistance from Indian authorities in its investigation of Adani Group founder Gautam Adani and his nephew Sagar Adani, who are currently in India. @dishaacharya_ writes: https://t.co/VmZD1ghD3m https://t.co/EnbpfB3OV8
The US SEC has requested assistance from India’s law ministry to serve a complaint on Gautam Adani and his nephew, who are currently in India. @dishaacharya_ reports: https://t.co/VmZD1ghD3m https://t.co/47gwC0DbXq
#US #SEC seeks #India's help in #Adani $265 #million #bribery case https://t.co/WdnS5lj6nr
