Adani group shares tumble after US SEC seeks to bypass Indian government to serve summons

Jan 23 (Reuters) – Adani group companies fell between 5% to 10% on Friday after the U.S. Securities and Exchange Commission asked a court for permission to personally email summons to Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme.

The flagship company, Adani Enterprises fell as much as 9.1% to 1,895.60 rupees.