The SEC's summons to Gautam and Sagar Adani concerning allegations of over $250 million in bribes highlights serious accusations that may affect their solar-power contracts and reputation.
U.S. prosecutors indicted the Adanis in connection to bribery claims, indicating that significant legal challenges and scrutiny from regulators are underway for the prominent business figures.
Despite the allegations, the Adani Group maintains a stance of innocence. Their CFO emphasized that the claims are merely allegations and the accused should be presumed innocent until proven otherwise.
A plea has been submitted to India’s Supreme Court, calling for local authorities to investigate the bribery allegations against the Adani Group, showcasing the international implications of the case.
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