India to deliver US summons to Adani for alleged bribery By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2025
0mins
Source: Investing.com
Indian Government's Action: The Indian government has requested a local court to serve a summons from the U.S. Securities and Exchange Commission to billionaire Gautam Adani regarding allegations of securities fraud and bribery, which requires his appearance in a U.S. court.
Adani Group's Response: The Adani Group has denied the allegations as "baseless" and is prepared to pursue legal options, while legal experts clarify that the summons does not pose an extradition risk unless arrest warrants are issued by the U.S. court.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
