NEW DELHI — The U.S. Securities and Exchange Commission (SEC) has formally requested assistance from Indian authorities in its ongoing investigation into Adani Group founder Gautam Adani and his nephew, Sagar Adani, over allegations of securities fraud and involvement in a $265 million bribery scheme. The request, detailed in a court filing on Tuesday (February 18, 2025), marks an international escalation in the investigation into the business empire’s activities.
The SEC’s inquiry is focused on alleged violations of U.S. securities laws by the Adani family members, who are accused of orchestrating fraudulent schemes to manipulate stock prices and engage in improper financial activities. The investigation is reportedly examining multiple facets of the Adani Group’s global operations and its ties to financial markets in both the U.S. and India.
Indian authorities are now expected to coordinate with U.S. investigators to gather relevant evidence and provide any necessary documentation related to the Adani Group’s operations.
