Gautam Adani, nephew summoned by US SEC in $265 million bribery case
- Posted on November 24, 2024
- By Business News Today
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Gautam Adani, nephew summoned by US SEC in $265 million bribery case
The US Securities and Exchange Commission (SEC) has summoned Gautam Adani and Sagar Adani, alleging a $265 million bribery scheme to secure solar power contracts. The SEC claims Adani Green Energy Ltd misled investors about its anti-corruption practices while raising funds. The Adani Group denies wrongdoing and plans to pursue legal action.