Adani Group faces corruption allegations and legal action

Norway's Government Pension Fund Global has excluded Adani Green Energy Ltd from its investment portfolio due to concerns over "gross corruption or other serious financial crime." This decision follows ongoing U.S. legal proceedings where Gautam Adani and his nephew Sagar Adani were indicted in November 2024 on charges including bribery and securities fraud.

via moneylife.in·whistleblowersblog.org·thehindu.com

A parallel criminal indictment by the Department of Justice (DOJ) against the Adanis, filed concurrently with the SEC complaint in November 2024, has remained inactive for over 14 months. Legal observers suggest this stagnation is due to shifts in enforcement policy and geopolitical considerations.

via kbssidhu.substack.com

Gautam Adani has hired prominent US lawyer Robert Giuffra Jr. to represent him in the ongoing SEC fraud case.

via outlookbusiness.com

The procedural hurdle in the SEC's fraud case against Gautam and Sagar Adani has been resolved, as their lawyers agreed to accept the legal papers. A US Court has since ordered a schedule for the ongoing civil fraud case, and the Adanis will have 90 days to respond if the agreement is approved.

via thelegalfeed.com·economictimes.indiatimes.com·m.thewire.in

Gautam Adani has requested an extension until January 30 from the US court to respond to the Securities and Exchange Commission's summons. This request comes as talks continue between Adani and the SEC regarding the fraud and bribery allegations.

via financialexpress.com

A former power secretary has publicly questioned the Indian government's reluctance to order a judicial probe into the Adani case, following the US SEC's efforts to serve summons. He highlighted that the SEC's investigation was initiated due to the Adani-Azure deal.

via deccanherald.com

Adani Group entities clarified that the US SEC has not initiated legal proceedings against the companies themselves, reinforcing their earlier position that the civil lawsuit is separate from a criminal case.

via angelone.in

India's Ministry of Law and Justice twice refused to formally serve US SEC summons to Gautam Adani and his nephew Sagar Adani in May and December 2025. The refusals were due to the absence of an ink signature, official seal, and a technical objection on the summons.

via opindia.com

The Adani Group has officially distanced itself from the US SEC's efforts to serve summons to Gautam and Sagar Adani, stating that these developments do not impact its operations or disclosure obligations. The group clarified that the SEC's civil lawsuit is separate from a criminal case.

via republicworld.com

Gautam Adani and his nephew Sagar Adani have agreed to accept service in a U.S. securities case, resolving a dispute over how they could be formally notified of the lawsuit. This agreement comes after India's Ministry of Law and Justice twice declined to assist the U.S. Securities and Exchange Commission (SEC) in serving the complaints. The SEC's case alleges that the Adanis violated securities laws by misrepresenting the company's anti-corruption measures.

via Reuters·natlawreview.com·reuters.com

Gautam Adani's lawyer made their first legal submission in a US court on January 23, responding to the SEC's bribery and securities fraud case. The submission urges the court to defer its ruling on the January 21 SEC motion.

via lawchakra.in

Shares in Adani Group companies slumped, with a collective loss of $12.5 billion in market capitalization, following the U.S. SEC's request for court permission to serve legal summonses to Gautam Adani and Sagar Adani via email.

via outlookbusiness.com·energynews.oedigital.com·wtvbam.com

The U.S. Securities and Exchange Commission (SEC) is seeking court approval to serve legal summons to Gautam Adani via email, following India's continued non-cooperation with formal service requests.

via asiatoday.id