Adani summoned by US SEC to explain position in bribery case

Quick Summary:

Indian billionaire Gautam Adani and his nephew, Sagar Adani, were summoned by the US Securities and Exchange Commission to explain allegations that they paid more than $250 million in bribes to win solar-power contracts, Press Trust of India reported.

The Adani Group denied wrongdoing.

It will take some time before the notice can be served to the Adanis, the report added.

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Author / Journalist: Satviki Sanjay | Bloomberg

Category: BusinessStartups

Markets: PhilippinesIndia

Topics: Summons Respond Indian Allegations Adani Citing Court Adanis Notice Group Reported

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 11:21:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 311 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23823965

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 32 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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Publisher ID: #37

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