U.S. SEC issues summons for Adani on bribery allegations

India's conglomerate head and his nephew required to answer within 21 days

20241124 Adani in Israel

Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port, Israel, in January 2023. © Reuters

(Reuters) -- The U.S. Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on U.S. bribery allegations related to a bombshell federal indictment against him, a court filing showed.

The SEC is suing the head of the Adani Group and his nephew Sagar Adani, alleging they engaged in hundreds of millions of dollars in bribes to help an Adani company while "falsely touting the company's compliance with antibribery principles and laws in connection with a $750 million bond offering."

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