Lastly time for Gautam Adani to show up in an US court docket and face the music?

Adani group founder and chairman Gautam Adani and his nephew Sagar have each been summoned to clarify their stand on the US Securities and Alternate Fee (SEC) allegation that they paid USD 265 million (Rs 2,200 crore) in bribes to safe profitable solar energy contracts, PTI reported on 13 March.

Summons have reportedly been despatched to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence in the identical metropolis for a reply to the US SEC inside 21 days, the information company experiences.

A New York Japanese District court docket had earlier, on 21 November 2024, ordered that “[w]ithin 21 days after service of this summons on you (not counting the day you acquired it)… you have to serve on the plaintiff (SEC) a solution to the hooked up criticism or a movement underneath Rule 12 of the Federal Guidelines of Civil Process.”