The U.S. Securities and Exchange Commission has requested assistance from Indian authorities in its investigation of Adani Group founder Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme,

Adani Group stocks fell sharply on Wednesday, with Adani Enterprises dropping 4.3%, after reports emerged that the U.S. SEC sought Indian authorities' help in its probe into the Adani family over alleged securities fraud and a Rs 2,

The US Securities and Exchange Commission has requested the Indian government's assistance in its probe of industrialist Gautam Adani and his nephew in connection with a USD 265 million bribery case,

The US SEC has also requested assistance from the ministry of law in India under the Hague Service Convention, Reuters stated.

Last year, federal prosecutors in Brooklyn unsealed an indictment accusing Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy , a subsidiary of his Adani Group conglomerate,

The US Securities and Exchange Commission (SEC) on Tuesday has sought assistance from Indian authorities in its investigation into Adani Group chairman Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme,

The U.S. SEC is seeking help from Indian authorities to serve complaints to Adani Group founder Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265 million bribery scheme.