New Delhi, May 14 (IANS) The US authorities are moving to resolve the allegations of fraud against Adani Group Chairman Gautam Adani and bring to an end the case, which has been lingering for more than a year, according to sources.The US Justice Department may announce the dropping of charges as early as this week. Besides, the Securities and Exchange Commission (SEC) is also moving to settle a parallel civil fraud case it brought against the billionaire industrialist and others in November 2024…
Latest US Foreign Corrupt Practices Act News & Updates
New York, April 8 (IANS) A US judge has granted a request from Billionaire industrialist Gautam Adani to schedule a hearing to dismiss a US Securities and Exchange Commission (SEC) case of alleged fraud. The plea states that the case represents an impermissible extraterritorial application of US law and that the SEC has failed to establish actionable claims under US securities laws.”The court has received Defendants’ letter requesting a pre-motion conference on their anticipated motion to dismis…