adani

Delhi February 19 (Punjab Khabarnama Bureau): The US Securities and Exchange Commission (SEC) has sought assistance from Indian authorities in its probe into Adani Group founder Gautam Adani and his nephew, Sagar Adani, over alleged securities fraud and a $265-million ( ₹2,200 crore approx.) bribery scheme, news agency Reuters reported, a court filing on Tuesday.

The regulator informed a New York district court that it was working to serve its complaint to the Adanis and has approached India’s law ministry for assistance in the process, the report added.

“The SEC has requested assistance … under the Hague service convention,” it said in the court filing.

Adani Group or the law ministry has not immediately issued any statement on the latest development.

The development comes a few days after Prime Minister Narendra Modi said he did not discuss the Adani case with US President Donald Trump during his visit to Washington.

To a question on whether the issue relating to Adani figured in the talks, Modi at a joint media briefing in Washington, said: “India is a democracy and our culture is ‘Vasudhaiva Kutumbakam’. We consider the whole world as one family. I believe every Indian is mine.”

Modi said such individual matters are not discussed in talks between two leaders. “Two prominent leaders of two countries never discuss such individual issues,” he said.

The Congress has called for Gautam Adani’s arrest and accused Modi of shielding him or favouring him in deals in the past. The Bharatiya Janata Party and the Adani Group have denied all charges.

Summary: Mahua Moitra criticizes PM Modi, calling the Adani fraud probe a ‘personal matter,’ after a US agency seeks India’s help in the investigation.







Punjab Khabarnama

Punjab Khabarnama

Leave a Reply

Your email address will not be published. Required fields are marked *