The U.S. Securities and Exchange Commission has asked Indian authorities for help in its investigation of Adani Group founder Gautam Adani and his nephew over alleged securities fraud and a $265-million bribery scheme,

Narendra Modi government in India is in hot water, after the US Securities and Exchange Commission (SEC) revealed that it has approached New Delhi under the Hague Service Convention for assi

The tycoon and a nephew of his are under investigation in the US for allegedly being involved in a US$265 million bribery scheme.

US prosecutors charged Adani with involvement in a plan to pay more than $250 million in bribes to government officials in India for solar energy contracts.

Adani group stocks traded mixed on Wednesday after a Reuters report said the U.S. SEC sought India’s help in its fraud probe against Gautam and Sagar Adani. While some stocks fell, others saw modest gains.

Adani Group—controlled by ports-to-power billionaire Gautam Adani—said the Adani family will donate up to $686 million to build two not-for-profit hospitals in partnership with the U.S.-based Mayo Clinic Global Consulting.

The U.S. SEC is seeking help from Indian authorities to serve complaints to Adani Group founder Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme.

The US Securities and Exchange Commission (SEC) on Tuesday has sought assistance from Indian authorities in its investigation into Adani Group chairman Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme,

The US Securities and Exchange Commission (US SEC) has sought assistance from Indian authorities in serving its complaint to Adani Group founder Gautam Adani and his nephew Sagar Adani.