Indian billionaire Gautam Adani and his nephew Sagar Adani have been subpoenaed by the Securities Exchange Commission (SEC) to explain allegations that they paid more than $250 million in bribes to win contracts for solar power generation. The subpoenas have been served on the Adani family's residence in the western Indian city of Ahmedabad, requiring them to respond within 21 days, the Press Trust of India (PTI) reported. PTI cited a notice sent through the Eastern District Court of New York on...
Adani released a statement saying that the US allegations are baseless and will seek all possible legal remedies.