New York: Adani Group founder and chairman Gautam Adani and his nephew Sagar have been summoned by the US Securities and Exchange Commission (SEC) to clarify their stand on the allegations against them.
Let us inform you that Gautam Adani and his nephew are accused of being involved in paying bribe of US $ 265 million (Rs 2,200 crore) to get favorable solar power contracts. While summons have been sent to Adani's Shantivan Farm House in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city, SEC has been asked to reply within 21 days.
In this regard, the notice sent through the New York Eastern District Court on November 21 states, “Within 21 days of service of this summons (except the day on which you received this summons)… you must file with the plaintiff (SEC) the attached complaint.” “Must answer or serve a motion under Rule 12 of Federal Civil Procedure.”
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It also says, “If you fail to respond, judgment will be taken against you for the relief sought in the complaint. You will also have to file your reply or motion in the court.”
The trial against Gautam Adani and seven other defendants, including his nephew Sagar, who is a director at the group's renewable energy arm AdaniGreen Energy Ltd, began in a New York court on Wednesday. According to this, these people had also agreed to pay bribes of approximately $265 million to Indian government officials between 2020 and 2024 to get favorable solar energy supply contracts.
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Meanwhile, Adani Group, which is involved in business ranging from ports to energy, has denied the allegations and said that it will use all possible legal resources. Adani Group also said in this regard, “We have always followed the principles of governance in all areas of our operations. , has shown commitment to maintaining the highest standards of transparency and regulatory compliance. “We assure our stakeholders, partners and employees that we are a law-abiding organization that is fully compliant with all laws.”
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