Adani Green Energy addresses media reports regarding a U.S. SEC investigation. The company clarifies that the reports relate to civil complaints against two of its directors, and that the company is not a party to these proceedings. Furthermore, there are no charges of bribery or corruption against the individuals, and the SEC proceedings are civil in nature. The company asserts that this will not adversely affect operations.
Clarification on SEC Investigation
Adani Green Energy addresses media reports concerning an ongoing investigation by the United States Securities and Exchange Commission (SEC). The company has issued a statement clarifying the nature and scope of the SEC’s actions, emphasizing its non-involvement in the proceedings. This announcement is dated January 23, 2026.
Details of the SEC Action
The core of the media reports stems from a civil complaint brought by the SEC in the United States District Court for the Eastern District of New York (EDNY). The complaint names Mr. Gautam Adani and Mr. Sagar Adani, both directors of Adani Green Energy, as ‘Defendants’. The company emphasizes it is not a party to these proceedings.
Company’s Position
Adani Green Energy highlights that the SEC action involves an application for alternate means of service of summons and complaint upon the named Defendants, initiated on January 21, 2026 (New York time) / January 22, 2026 (India time). The company reiterates that no charges of violating the United States Foreign Corrupt Practices Act – specifically charges of bribery or corruption – have been brought against the Defendants. The SEC proceedings are civil in nature. The company says that the press report does not have any adverse impact on business or operations.
Source: BSE
