9010
2 months ago
US seeks to bypass India to serve Adani summons
Summary
The US Securities and Exchange Commission wants to email summons to Indian billionaire Gautam Adani and executive Sagar Adani. This follows India's refusal to serve the documents twice. The SEC alleges a fraud and bribery scheme involving $265 million. Adani group denies the claims. The SEC believes further attempts through international treaties will fail.