- SEC officials Sanjay Wadhwa and Tejal Shah are leading the investigation into Gautam Adani’s bribery case.
- Adani and his associates are accused of bribing Indian officials for solar power contracts.
- Wadhwa and Shah have extensive experience in corporate law and SEC enforcement.
Two Indian-origin SEC officials, Sanjay Wadhwa and Tejal Shah, are leading the investigation into bribery charges against Gautam Adani and his associates. The charges accuse them of paying Rs 2,100 crore in bribes to Indian officials to secure favorable terms for solar power contracts.
Sanjay Wadhwa, Acting Director of the SEC’s Division of Enforcement, emphasized that the SEC would continue holding corporate leaders accountable for violating securities laws. Wadhwa played a key role in investigating the Adani Group’s alleged misrepresentation of its anti-bribery policies to U.S. investors.
Tejal Shah, the Associate Regional Director of the SEC’s Division of Enforcement, is overseeing the probe. Both officials have extensive legal backgrounds, with Shah previously working as Enforcement Counsel and Senior Special Counsel at the SEC.
Their efforts signal a strong push to ensure accountability and transparency in corporate dealings, with the SEC intensifying its focus on international corruption.
