Archive · 23 Jan 2026
SEC Seeks to Email Adani in Bribery Case
The US Securities and Exchange Commission (SEC) wants to email summons to Gautam Adani and his nephew Sagar Adani because they are accused of being involved in a $265 million bribery scheme.
The SEC has been trying to send these summons since last year but India has refused, saying there are procedural issues.
The SEC says they have tried to get help from the Indian government but it hasn't worked, so they are asking a US court to let them email the summons directly.
The Adani Group says the allegations are not true and they will fight them in court.
This news has made the Adani Group's stocks go down a lot because people are worried.
SEC seeks court permission to email summons to Gautam Adani and Sagar Adani in a bribery case.
India has refused SEC's requests, citing procedural issues.
US prosecutors allege a $265 million bribery scheme involving Adani for a solar power contract in India.
Adani Group maintains the allegations are baseless and will seek legal recourse.
The news has triggered a sharp decline in Adani Group stocks due to investor sentiment.
- Who
- Gautam Adani, Sagar Adani, US Securities and Exchange Commission (SEC), India
- What
- SEC seeks court permission to email summons to Adani in a bribery case
- When
- Ongoing since last year, with recent developments in January 2024
- Where
- United States and India
- Why
- Allegations of a $265 million bribery scheme and fraud involving Adani Group
- Parties Involved
- Gautam Adani, Sagar Adani, US SEC, India
- Allegations
- $265 million bribery scheme and fraud
- SEC's Request
- Permission to personally email summons to Adani
- India's Response
- Refused SEC's requests citing procedural issues
- Adani Group's Stance
- Allegations are baseless, will seek legal recourse
- US Prosecutors' Allegations
- Involvement in a $265 million bribery scheme for a solar power contract in India
- Impact on Stocks
- Sharp decline in Adani Group stocks due to investor sentiment
Sources
United States’ SEC seek court permission to personally summon Gautam Adani in bribery case – Report
SEC seeks court nod to email summons to Gautam, Sagar Adani
US regulator seeks to bypass Indian government to serve Adani summons
Adani Green, Adani Power to Adani Enterprisers shares: Why are Adani Group stocks nosediving?
US SEC seeks fresh pathway to advance in stalled Adani fraud case
Adani Enterprises drops 10%: Decoding 3 reasons behind Friday’s sharp sell-off in Adani Group stocks
