Archive · 28 Jun 2025
SEC Pursues Gautam Adani in Bribery Case, Summons Pending
The US SEC is trying to serve legal papers to Gautam Adani and his nephew, Sagar Adani, regarding a case.
They're accused of offering big bribes, about $265 million, to Indian officials for contracts.
The SEC says Adani broke US rules by sharing wrong information about a bond offering.
The SEC is asking India's help to serve the papers since the two are based in India and they haven't been officially served.
Adani has stated that no one from the Group has been charged with wrongdoings.
The SEC is trying to serve Gautam Adani and Sagar Adani in a US securities case.
The case involves allegations of $265 million in bribes offered to Indian officials.
The SEC filed a complaint in November 2024, accusing Adani of violating US securities laws.
Summons have yet to be served to the defendants, who are based in India.
Adani stated no one from the Adani Group has been charged with violating the FCPA or obstructing justice.
- Who
- Gautam Adani and Sagar Adani are defendants in a case brought by the SEC.
- What
- The SEC is attempting to serve Gautam Adani and Sagar Adani with legal documents related to a securities case involving bribery allegations.
- When
- The SEC filed the initial complaint in November 2024.
- Where
- The legal proceedings are taking place in the US District Court in New York.
- Why
- The SEC is pursuing the case based on allegations of bribery and violations of US securities laws.
SEC's Perspective
Adani Group's Stance
Allegations vs. Defense
SEC's Perspective
The SEC alleges violations of US securities laws and is actively pursuing the case.
Adani Group's Stance
Gautam Adani, while acknowledging the SEC's efforts, has maintained innocence.
- Defendants
- Gautam Adani, Sagar Adani
- Allegation
- Offering $265 million in bribes
- Plaintiff
- US Securities and Exchange Commission (SEC)
- Case Filed
- November 2024
- Bond Offering
- Adani Green Energy Ltd, September 2021
- Next Status Report
- August 11