The U.S. Securities and Exchange Commission arranged for Gautam Adani to be served with a civil lawsuit alleging fraud, allowing the regulator's case against India’s second richest person to continue. The SEC reported that it was difficult to serve legal papers on both defendants, who are in India. In November 2024, U.S. prosecutors brought a criminal case against the Adanis as well as several other defendants. For most of this time, the SEC's case had been stagnant. Gautam Adani is 63 years old and founded the Adani Group.

Source: Forbes February 01, 2026 03:08 UTC