U.S. court issues arrest warrant for Gautam Adani: report
The Hindu
Gautam Adani faces arrest warrant in US over alleged fraud scheme, SEC charges him with bribery and fraud.
Following the Gautam Adani’s indicement in the US over an alleged multi-billion-dollar fraud scheme, a New York judge has issued a warrant for Mr . Adani’s arrest, media reports said.
Gautam Adani U.S. indictment LIVE updates: Adani dollar bonds tumble after 250 million bribery scheme
According to ABC News, quoting court records, the arrest warant will be given to foreign law enforcement authories.
Earlier, the U.S. Securities and Exchange Commission (SEC) has charged billionaire Gautam Adani, founder and chairman of the Adani Group, with allegedly defrauding American investors and bribing officials. The SEC alleged that the bribery scheme was orchestrated to enable renewable energy companies Adani Green and Azure Power to capitalise on a multi-billion-dollar solar energy project awarded by the Indian government
More details are awaited.
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