India, Oct. 14 -- The U.S. Securities and Exchange Commission (SEC) expressed frustration in court on Friday over India's failure to assist in serving legal summons to executives of the Adani Group, including founder Gautam Adani and his nephew Sagar Adani.
The SEC is currently investigating the Indian conglomerate for alleged securities fraud and a $265 million bribery scheme.
In its latest filing to a U.S. district court in New York, the SEC revealed that it has made multiple attempts to contact India's Ministry of Law and Justice under the Hague Service Convention.
Despite its most recent communication on September 14, the agency has received no confirmation that summons or complaints have been delivered to the individuals named in ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.