SEC Service Agreement Clears Procedural Hurdle in Fraud Case Against Gautam Adani
The U.S. Securities and Exchange Commission has secured an agreement from U.S.-based lawyers for Gautam Adani and his nephew Sagar Adani to accept service of a civil fraud complaint, resolving a procedural dispute that had delayed the regulator's case. If a Brooklyn federal judge approves the arrangement, the Adanis will have 90 days to answer the …