New York, November 24, 2024 – The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Indian billionaire Gautam Adani, citing bribery allegations linked to a federal indictment.
The SEC's complaint accuses Adani and his nephew, Sagar Adani, of engaging in extensive bribery practices worth hundreds of millions of dollars to benefit an Adani company. The indictment specifically highlights false claims regarding the company's adherence to antibribery laws during a $750 million bond offering.