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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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Adani Group loses major solar-power contracts in India by mid-2025?

SEC•Indian•Gautam Adani•Sagar Adani•Adani Group•India

Resolution / Starting Odds

Yes • 50%

No • 50%

Public announcements from Adani Group or official government statements regarding contract cancellations

Gautam Adani charged by SEC in bribery case by end of 2024?

SEC•Indian•Gautam Adani•Sagar Adani•Adani Group•India

Resolution / Starting Odds

No • 50%

Yes • 50%

Official announcements or press releases from the U.S. Securities and Exchange Commission (SEC)

Sagar Adani faces legal action in India over SEC bribery case by end of 2024?

SEC•Indian•Gautam Adani•Sagar Adani•Adani Group•India

Resolution / Starting Odds

No • 50%

Yes • 50%

Indian court records or official announcements from Indian legal authorities

Beneficiary of Adani Group's potential contract losses by mid-2025?

SEC•Indian•Gautam Adani•Sagar Adani•Adani Group•India

Resolution / Starting Odds

Tata Power • 25%

NTPC Limited • 25%

Reliance Industries • 25%

Other • 25%

Industry reports or announcements of new contract awards in the solar-power sector in India

Impact on Adani Group's stock price by end of 2024 due to SEC investigation?

SEC•Indian•Gautam Adani•Sagar Adani•Adani Group•India

Resolution / Starting Odds

Significant volatility without clear trend • 25%

Increase by over 10% • 25%

Decrease by over 10% • 25%

Remain within 10% range • 25%

Stock market data from major financial news outlets or stock exchanges

Outcome of SEC investigation into Gautam Adani by end of 2025?

SEC•Indian•Gautam Adani•Sagar Adani•Adani Group•India

Resolution / Starting Odds

No charges filed • 25%

Case dismissed • 25%

Criminal charges filed • 25%

Fines imposed • 25%

Final reports or announcements from the U.S. Securities and Exchange Commission (SEC)