Adani US indictment: ‘US regulator SEC has no jurisdiction to summon a overseas nationwide’

NEW YORK: The US SEC should serve the summons on the Adani group founder and chairman Gautam Adani and his nephew Sagar within the alleged $265 million (Rs 2,200 crore) payoffs via correct diplomatic channels because it has no jurisdiction to summon a overseas nationwide instantly, in keeping with sources.
The US Securities and Alternate Fee desires the Adanis to elucidate their stand on allegations of paying bribes to safe profitable solar energy contracts however that request should observe the established protocol of routing it via the Indian Embassy within the US and following different diplomatic formalities, two sources conscious of the matter stated.The US SEC has no jurisdiction over overseas nationals and can’t ship something by publish to them.