Experts question US targeting of Indian tycoon – media ...News

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Experts question US targeting of Indian tycoon – media
The SEC has issued a summons to billionaire Gautam Adani in connection with bribery allegations The US Securities and Exchange Commission (SEC) has issued a summons to Gautam Adani, India’s second richest man and head of a large industrial conglomerate, as part of an investigation into allegations of bribing Indian officials to secure lucrative contracts. The summons requires an answer within 21 days, Reuters reported on Sunday citing a New York court filing. The SEC is seeking unspecified monetary penalties and restrictions on Adani and his nephew from serving as officers of listed companies, the report said. Th

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