SEC informs US court of progress in serving legal documents in Adani case
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
SEC releases final photo electoral rolls for BTC polls
Guwahati: The Assam State Election Commission (SEC) on Wednesday released the final photo electoral rolls with a total electorate of 26,58,477 for the upcoming Bodoland Territorial Council (BTC) elections, likely to be held by the end of September, as hinted by Chief Minister Himanta Biswa Sarma earlier. The rolls cover all 40 constituencies across the five districts of the Bodoland Territorial Region (BTR) — Kokrajhar, Udalguri, Baksa, Chirang, and Tamulpur. The rolls include 81 newly added villages, following a delimitation exercise undertaken by the state govt. Of the total voters, 13,23,673 are men, 13,34,787 are women, and 17 belong to the third gender. A total of 3,279 polling stations have been proposed, though this number is subject to change. The final list of polling stations will be published on August 18, after rationalisation is completed. Voters can verify their names using their EPIC number or by downloading details from the citizen corner on the SEC's website. To boost voter participation, the state commission has announced that claims for enrolment will be accepted until the last date of nomination filing, provided the applicants are eligible under the ECI's current summary revision and are listed in the supplementary roll with a valid EPIC. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
New Indian Express
6 hours ago
- New Indian Express
US SEC seeks India's help to serve notices in $750-million Adani bond fraud case
CHENNAI: The United States Securities and Exchange Commission (SEC) has asked the Indian government to help deliver legal notices to two senior Adani Group executives in a $750 million bond fraud case. According to reports, in a status report dated August 11 to Magistrate Judge James R. Cho of the Eastern District of New York, the SEC said it had approached India's Ministry of Law & Justice under the Hague Service Convention, an international treaty for delivering legal documents across borders. The request is aimed at serving notices to Gautam Adani, founder of Adani Green Energy Ltd, and his nephew Sagar Adani, the company's executive director. The SEC's complaint, filed in November 2024, accuses the two of making false and misleading statements during a 2021 green bond issuance. According to the regulator, the executives concealed the fact that they had paid or promised hundreds of millions of dollars in bribes to secure state energy contracts in India, which were then used to support the bond offering. The case also includes allegations of securities fraud, wire fraud, violations of the US Foreign Corrupt Practices Act, and obstruction of justice.
Time of India
12 hours ago
- Time of India
US SEC has not yet served summons on Gautam Adani, nephew Sagar Adani in India; here's why
The American regulatory body had initiated legal proceedings against the industrialists and their organisation a few months ago. (AP file photo) The US Securities and Exchange Commission (SEC) has not yet delivered legal summons to Adani Group chairman Gautam Adani and Sagar Adani, his nephew. The American regulatory body had initiated legal proceedings against the industrialists and their organisation a few months ago. The SEC submitted its third status update on August 11, 2025, to the Eastern District Court of New York's Magistrate Judge James R. Cho. The report indicated that the defendants are based in India, and the SEC continues its attempts to serve them, including seeking assistance from Indian officials under the Hague Service Convention for Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters, according to an ET report. ET has examined the SEC's submission to the magistrate. On November 20, 2024, the SEC lodged its complaint, stating that the accused had breached federal securities regulations by presenting inaccurate and deceptive information about Adani Green Energy Ltd. regarding a debt offering in September 2021. The legal document noted that since the accused reside in India, service must comply with Rule 4(f) of the Federal Rules of Civil Procedure, permitting the SEC to deliver notices through internationally recognised methods, including the Hague Service Convention. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Find your car's value online in minutes. Spinny Click Here Undo The oversight body mentioned providing earlier updates on April 23 and June 27, 2025, "concerning its ongoing service efforts." The documentation states, "The SEC has requested assistance from India's Ministry of Law & Justice ('India MoLJ') under Article 5(a) of the Hague Service Convention in serving the Summons and Complaint on Defendants in India." The document further noted that the organisation "has also sent Notices of Lawsuit and Requests for Waiver of Service of Summons, including copies of the Complaint, directly to Defendants and their counsel, and the SEC has communicated with the India MoLJ." Nevertheless, the SEC acknowledges "that those authorities have not yet effected service." The Securities and Exchange Commission informed the court: "The SEC intends to continue communicating with the India MoLJ and pursue service of the Defendants via the Hague Service Convention, and will keep the Court apprised of its efforts." This civil litigation forms part of a larger series of legal proceedings in US courts involving Gautam Adani, Sagar Adani and Adani Green Energy Ltd. The SEC's investigation focuses on CDPQ executives Cyril Cabanes, Saurabh Agarwal, and Deepak Malhotra regarding allegations of evidence destruction and information concealment in a bribery investigation. According to documents examined by ET, the regulatory body has been working to serve the defendant under Rule 4(f) of the Federal Rules of Civil Procedure in Singapore. Local legal representatives have been actively searching for Cabanes. The SEC noted that they received information suggesting Cabanes has likely left Singapore, and they continue their efforts to locate him across different jurisdictions. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
