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US SEC seeks India's help in Adani $265 million bribery fraud
The U.S. SEC is seeking help from Indian authorities to serve complaints to Adani Group founder Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme. Federal prosecutors allege that Adani bribed Indian officials and misled U.S. investors. Adani Group denies the allegations and promises to pursue all legal options.
The U.S. SEC is seeking help from Indian authorities to serve complaints to Adani Group founder Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme. Federal prosecutors allege that Adani bribed Indian officials and misled U.S. investors. Adani Group denies the allegations and promises to pursue all legal options.
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