Adani Group Stopped for Bribery Allegations

• Adani Group founder and chairman Gautam Adani and nephew Sagar Adani have been summoned by the U.S. Securities and Exchange Commission (SEC) to explain their stance on allegations of paying $265 million in bribes to secure solar power contracts.

• The SEC has also charged the Adani brothers and Azure Power Global executive Cyril Cabanes for “conduct arising out of a massive bribery scheme.”

• The Adani Group has denied the allegations.