Adani Green, Adani Enterprises, Adani Energy, Adani Ports shares fall up to 10%. What’s behind the selloff?

Adani Group stocks tumbled up to 10% after the US SEC sought court permission to email summons to Gautam Adani and Sagar Adani regarding an alleged $265 million bribery scheme. India had previously rejected official requests for service, citing procedural grounds. The SEC is pursuing the case, which involves allegations of bribing Indian officials and misleading US investors.