Gautam Adani, nephew summoned by United States securities commission in Rs 2,200 crore bribery case
An application has been filed in the Supreme Court urging Indian agencies to investigate the US authorities’ charges against the billionaire industrialist.
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
The United States Securities and Exchange Commission has summoned Indian billionaire industrialist Gautam Adani, founder of the Adani Group, and his nephew Sagar Adani in connection with allegations that the conglomerate paid $265 million – Rs 2,200 crore – in bribes to secure solar energy contracts.
A copy of the summons is with Scroll.
The summons were sent to Gautam Adani’s Shantivan Farm residence and Sagar Adani’s Bodakdev home, both in Ahmedabad city, seeking their response in 21 days.
“Within 21 days after service of this summons on you (not counting the day you received it)…you must serve on the plaintiff (SEC) an answer to the attached complaint or a motion under Rule 12 of the Federal Rules of Civil Procedure,” a notice from the New York Eastern District Court dated November 21 read.
“If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint,” the summonses states. “You also must file your answer or motion with the court.”
The Securities and Exchance Commission and the US Department of Justice have alleged that 62-year-old Gautam Adani, Sagar Adani and others orchestrated bribes to Indian officials from 2020 to 2024 to win lucrative solar energy contracts. The contracts were reportedly expected to...
