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SEC issues summons for Gautam Adani, nephew on bribery allegations

  • The SEC has summoned Gautam Adani and his nephew Sagar to address allegations of paying $265 million in bribes for solar power contracts.
  • Federal prosecutors issued arrest warrants for both, stating they participated in bribing Indian officials for power-supply deals.
  • The Adani Group denies the allegations and plans to use all legal resources available to contest these claims.
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