US SEC seeks India's help to probe Adani case

THE US market regulator, Securities and Exchange Commission (SEC), is seeking the Government of India's assistance in its investigation of Adani Group chairman Gautam Adani and his nephew Sagar Adani over alleged securities fraud.

- ENS ECONOMIC BUREAU @New Delhi

On February 18, the SEC told a New York district court that it is making efforts to serve its complaint and is seeking help from India's law ministry for the same.

"Defendants are located in India and the SEC's efforts to serve them there are ongoing, including through a request for assistance to the Indian authorities to effect service under the Hague Service Convention for Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters," SEC stated in a letter dated February 18.