US market regulator seeks Indian government’s help to investigate alleged Adani fraud case

The United States Securities and Exchange Commission has asked the Indian government for help in its investigation of Adani Group Chairman Gautam Adani and his nephew Sagar Adani in an alleged $265 million bribery and fraud case, Reuters reported on Wednesday.

The US market regulator informed a district court in New York that it was trying to serve its complaint to Gautam Adani and Sagar Adani and that it had sought assistance from the Indian law ministry.

In November, the United States Attorney’s office for the Eastern District in New York indicted Gautam Adani in a $265 million bribery and fraud case.