Brief by Shorts91 Newsdesk / 02:49pm on 27 Jun 2025,Friday International
The US Securities and Exchange Commission (SEC) informed a New York court that Indian billionaire Gautam Adani has not been served a summons in a federal bribery probe, despite repeated requests since February. The SEC alleges Adani and his nephew Sagar Adani violated securities laws by making misleading statements related to Adani Green Energy. Though India’s Law Ministry forwarded the summons to Ahmedabad’s District Court in March, no confirmation of service has been received. The SEC’s filing highlights procedural delays under the Hague Service Convention, stalling progress in the case and raising concerns over international legal cooperation with India. (PC: India Today)
