The Indian Government has been asked a local court to deliver a summons issued by the US Securities and Exchange Commission to Billionaire Gautam Adani over Alleged Securities Fraud and A $ 265 Million BRIBRIRI SOD According to a letter seen by reates.
The summons, which wasm isesed under Hague Service Convention United States, Indian Lawyers said.
Adani group has denied the allegations, describing them as “baseless” and vowing to seek “All possible legal recourse”.
India’s Federal Ministry of Law Has Asked A District Court in Ahmedabad, Gujarat, Adani’s Home State, to Deliver The Summons to Him, The Letter Dated Februry 25 Shows.
“The summons seems to be for appearance in a court in new york. IF service is effected through the Indian court, the responses will have to appear,” called Arashdeep Khurana, A Criminal Lawyer ini.
Adani and India’s Law Ministry did not immediatily respond to requests for comment.
The summons does not imply an extradition risk for the businessman, who oversees a sprawling conglomerate spanning Airport Construction Torm, Another Lawyer Said.
“Extradition Proceedings only come in to the picture if the US court issues warrants of arrest,” said Malak Bhatt, Founding Partner at Nm Law Chambers.
Reuters reported on February 18 that sec was making efforts to serve its complant on gautam adani and his nephew, Sagar Adani, and was seeking help from India to do so.
Reuters could not determine if the summons against Adani’s Nephew has also been processed.
India’s Prime Minister Narendra Modi Last Month Said He Did Not Discuss The Adani Case with Us President Donald Trump During His Visit to washington.
