Published

SEC issues summons for Gautam Adani, nephew on bribery allegations

  • The US Securities and Exchange Commission has summoned Gautam Adani and his nephew on allegations of paying $265 million in bribes for solar power contracts.
  • Federal prosecutors issued arrest warrants for them, alleging participation in a bribery scheme to secure contracts expected to yield $2 billion in profit.
  • The Adani group denies the allegations and plans to pursue all possible legal resources.
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  • 45% of the sources lean Left, 45% of the sources are Center
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