The U.S. Securities and Exchange Commission has asked Indian authorities for help in its investigation of Adani Group founder Gautam Adani and his nephew over alleged securities fraud and a $265-million bribery scheme,

The US SEC told a New York district court on Wednesday that as the Adanis are based out of India, the regulator had sought help from India’s law ministry to serve its complaint to the Ahmedabad-based business tycoon.

US federal prosecutors have accused Gautam Adani of bribing Indian government officials to buy electricity from Adani Green Energy

The US Securities and Exchange Commission has requested assistance from India's Ministry of Law and Justice in its investigation of Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme,

Adani group stocks traded mixed on Wednesday after a Reuters report said the U.S. SEC sought India’s help in its fraud probe against Gautam and Sagar Adani. While some stocks fell, others saw modest gains.

The U.S. SEC has requested India's help in probing Adani Group founder Gautam Adani for securities fraud and bribery. Involved in a $265-million scheme, Adani faces accusations of misleading U.S. investors.

Adani Group stocks fell sharply on Wednesday, with Adani Enterprises dropping 4.3%, after reports emerged that the U.S. SEC sought Indian authorities' help in its probe into the Adani family over alleged securities fraud and a Rs 2,

NEW DELHI – The U.S. Securities and Exchange Commission (SEC) has sought assistance from Indian authorities in its investigation into Adani Group founder Gautam Adani and his nephew, Sagar Adani, over allegations of securities fraud and a $265-million bribery scheme, according to a court filing on February 18, Reuters reported.

The SEC said that both the Adanis 'are located in India, and the SEC’s efforts to serve them there are ongoing'

The tycoon and a nephew of his are under investigation in the US for allegedly being involved in a US$265 million bribery scheme.