Adani Group Market Value Plummets After U.S. SEC Seeks to Email Summons to Founders
The Adani group lost 12.5 billion dollars in market value on January 23 following a U.S. SEC request to serve summons via email regarding a bribery scheme.
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The U.S. 
USSecurities and Exchange Commission filed a court request on January 21, 2026, seeking permission to personally email summons to Gautam Adani gautam adaniand Sagar Adani sagar adaniregarding alleged fraud and a $265 million bribery scheme. This regulatory development triggered a sharp sell-off today, January 23, 2026, as Adani group companies shed $12.5 billion in market capitalization. The request for alternative service follows previous instances where India 
INrefused two requests to serve summons since last year, prompting the U.S.to pursue electronic delivery.
USSecurities and Exchange Commission filed a court request on January 21, 2026, seeking permission to personally email summons to Gautam Adani gautam adaniand Sagar Adani sagar adaniregarding alleged fraud and a $265 million bribery scheme. This regulatory development triggered a sharp sell-off today, January 23, 2026, as Adani group companies shed $12.5 billion in market capitalization. The request for alternative service follows previous instances where India INrefused two requests to serve summons since last year, prompting the U.S.to pursue electronic delivery.
