Adani, his nephew Sagar Adani, and another Adani Group executive were charged with securities fraud and conspiracy
Both the finance and foreign ministries had been asked to review infrastructure projects awarded to the Indian conglomerate
The summons requires an answer within 21 days, according to the filing dated Wednesday in federal court in the Eastern District of New York. The SEC suit seeks unspecified monetary penalties and restrictions on the Adanis from serving as officers of listed companies.
On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by US prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
It remains to be seen how the political impact of the US prosecutors’ charges against the Adani group plays out.
Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent
Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with India’s Adani Power, in the face of supply worries and gloomy prospects for a legal challenge, said two sources with direct knowledge of the matter.
Kenya's High Court has halted a controversial deal for Indian firm Adani to take over the country's main airport -- a decision hailed by critics on Tuesday as "a win for the Kenyan people"
Sri Lanka is entering into a 20-year agreement with Adani Group to buy electricity from a $442-million wind power plant being built
Adani, his nephew Sagar Adani, and another Adani Group executive were charged with securities fraud and conspiracy
Both the finance and foreign ministries had been asked to review infrastructure projects awarded to the Indian conglomerate
The summons requires an answer within 21 days, according to the filing dated Wednesday in federal court in the Eastern District of New York. The SEC suit seeks unspecified monetary penalties and restrictions on the Adanis from serving as officers of listed companies.
On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by US prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
It remains to be seen how the political impact of the US prosecutors’ charges against the Adani group plays out.
Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent
Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with India’s Adani Power, in the face of supply worries and gloomy prospects for a legal challenge, said two sources with direct knowledge of the matter.
Kenya's High Court has halted a controversial deal for Indian firm Adani to take over the country's main airport -- a decision hailed by critics on Tuesday as "a win for the Kenyan people"
Sri Lanka is entering into a 20-year agreement with Adani Group to buy electricity from a $442-million wind power plant being built
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project
