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Adani Group Shares Plummet Amid SEC Bribery Investigation

1/23/2026

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Summary

Story summary

Shares of Adani Group companies dropped 5% to 13% on January 20, 2026, after court filings indicated that the U.S. Securities and Exchange Commission (SEC) plans to summon founder Gautam Adani and his nephew Sagar Adani on bribery and fraud charges.
Gautam Adani was indicted in November 2024 for allegedly misleading investors regarding compliance with anti-bribery practices while raising over $3 billion for energy contracts.
The SEC alleges that Adani Group executives paid over $250 million in bribes to Indian officials for solar energy contracts.
India's Ministry of Law has previously declined to deliver the summons under the Hague Convention.

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Story summary

Shares of Adani Group companies dropped 5% to 13% on January 20, 2026, after court filings indicated that the U.S. Securities and Exchange Commission (SEC) plans to summon founder Gautam Adani and his nephew Sagar Adani on bribery and fraud charges.
Gautam Adani was indicted in November 2024 for allegedly misleading investors regarding compliance with anti-bribery practices while raising over $3 billion for energy contracts.
The SEC alleges that Adani Group executives paid over $250 million in bribes to Indian officials for solar energy contracts.
India's Ministry of Law has previously declined to deliver the summons under the Hague Convention.