Adani Group Faces $12.5 Billion Loss as SEC Seeks Court Nod for Summons

Mumbai(Maharashtra)[India] January 23: Friday saw a sudden jolt in Indian markets. Adani group firms shed $12.5 billion in market value. Investors were left shocked as shares of Adani Enterprises fell over 10 percent. Nifty 50 also dipped. People are asking, “What just happened?” Analysts point to a U.S. SEC filing seeking court approval to serve summons to Gautam Adani and his nephew Sagar. Many are questioning the stability of one of India’s biggest business empires.

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SEC Summons: What’s the Allegation?

The U.S. Securities and Exchange Commission wants to email legal summons directly to Adani executives. They are linked to an alleged $265 million bribery and fraud scheme. The case involves Adani Green Energy and officials in India. If true, it could break major U.S. investment laws. SEC says foreign companies cannot bribe overseas officials or mislead investors. People online are debating, “Could this really happen to a billionaire like Adani?” Reactions are split, some believe in the allegations, some call it a misunderstanding.

Adani’s Response: Calling It Baseless

Adani group quickly hit back. They called the claims “baseless” and plan to fight legally. The group said it will use all possible recourse to defend itself. So far, they have not commented on the latest filing. Market watchers are now confused. Ambareesh Baliga, an independent analyst, said investors assumed the group was already cleared and “This came out of the blue,” he said. Social media is buzzing with opinions. Some call it political targeting. Others worry about market stability.

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History and Past Challenges

This is not the first time Adani group faced scrutiny. Over the years, they have dealt with government checks and market investigations. Gautam Adani rose from trading commodities to building one of India’s largest business conglomerates. Energy, ports, and infrastructure, Adani has touched all. The group has previously refused requests from U.S. regulators. People are asking, “Is history repeating itself?” Analysts say past resilience might help, but global attention is now stronger than ever.

Public Reaction: Panic, Questions, and Speculation

Investors and citizens are talking everywhere. On Twitter and forums, many question Adani’s next move. Some worry stocks may fall further. Others debate if SEC’s action is fair. Local business communities are anxious. Online polls show mixed opinions: 40 percent believe the allegations, 30 percent defend Adani, and 30 percent are just watching. People are also discussing, “Will Indian law cooperate with U.S. regulators?” The coming weeks are expected to be tense, with everyone watching Adani closely.