US SEC case against Adani to proceed
India, Jan. 31 -- The US Securities and Exchange Commission has arranged to serve businessman Gautam Adani with a civil fraud lawsuit, allowing the regulator's case against him to proceed. In a Friday filing, the SEC and US-based lawyers for Adani and his nephew Sagar Adani said the lawyers agreed to accept the SEC's legal papers. The SEC charged the Adanis in November 2024 with violating US securities law by orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian officials to benefit Adani Green Energy.P18...
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