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US SEC seeks India’s help in Adani’s $265m bribery case
The US Securities and Exchange Commission (SEC) has requested the assistance of Indian authorities in its investigation into Gautam Adani, founder of Adani Group, and his nephew Sagar Adani.
The inquiry involves allegations of securities fraud and a US$265 million bribery scheme, as stated in a filing in a New York district court on Feb. 18.
The SEC has contacted India’s ministry of law and justice to facilitate the serving of its complaint to both individuals, who are currently in India.
Neither Gautam Adani nor Sagar Adani is in US custody.
Recent Adani Group developments
| Timeline |
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17-Feb-2025 🚀 Adani-backed firm among finalists for India’s rocket deal
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05-Dec-2024 ☀️ India’s Adani Green Energy faces $250m bribery claims
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28-May-2024 📦 Adani Group plans to enter India’s ecommerce space
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02-Aug-2022 🚀 India-based SaaS startup nets $20m in series B money
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30-Jun-2021 💰 Industrial tech firm that serves Exxon, Reliance nets $12m in Accel-led round
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