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Beneficiary of Adani Group's potential contract losses by mid-2025?
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SEC Summons Gautam Adani, Nephew Over $265M Bribery for Solar Contracts
Nov 24, 2024, 09:10 AM
The U.S. Securities and Exchange Commission (SEC) has summoned Indian billionaire Gautam Adani and his nephew Sagar Adani to address allegations of paying $265 million in bribes to secure solar-power contracts. The SEC's investigation focuses on the Adani Group's activities in India, where the conglomerate has been accused of engaging in corrupt practices to win lucrative deals.
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