Gautam Adani of the Adani group and his nephew Sagar Adani have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying USD 265 million (Rs.2,200 crore) in bribes to secure lucrative solar power contracts, news agency PTI reported.
The summons were sent to the Adanis’ respective residences in Ahmedabad, with replies expected within 21 days, PTI reported, citing a November 21 notice dispatched through the New York Eastern District Court. A judgment by default will be entered against the Adanis if they don’t respond on time, the notice said.
“Within 21 days after service of this summons on you (not counting the day you received it)…you must serve on the plaintiff (SEC) an answer to the attached complaint or a motion under Rule 12 of the Federal Rules of Civil Procedure,” said the notice.
“If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint. You also must file your answer or motion with the court,” it added.
