Sanjay Wadhwa, Acting Director of the US Securities and Exchange Commission’s (SEC) Division of Enforcement, is enjoying a key position within the investigation into allegations of bribery involving Indian billionaire Gautam Adani, his nephew Sagar Adani, and different executives of the Adani Group.
The high-profile bribery allegations centre round a scheme to pay Indian officers roughly ₹2,100 crore in trade for beneficial phrases in solar energy contracts.
Wadhwa has been on the forefront of holding company leaders accountable for securities violations.“The fee would proceed to vigorously pursue and maintain people, together with senior company officers and administrators, accountable for violating their securities regulation,” he said in a press release to The Economic Times.
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“As alleged, Gautam and Sagar Adani induced US buyers to purchase Adani Green bonds by means of an providing course of that misrepresented not solely that Adani Green had a strong anti-bribery compliance program but in addition that the corporate’s senior administration had not and wouldn’t pay or promise to pay bribes, and Cyril Cabanes participated within the underlying bribery scheme whereas serving as director of a US public firm”
Who is Sanjay Wadhwa? Education, profession and extra
Wadhwa’s educational background spans each enterprise and regulation. He holds a Bachelor of Business Administration from Florida Atlantic University and a Master of Laws (LLM) in Taxation from New York University School of Law. Additionally, he earned his Juris Doctor diploma from Texas South College of Law Houston.
His skilled journey started in 1996 as a Tax Associate at Cahill Gordon & Reindel LLP. In 2000, he joined Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, specializing in tax regulation.
Wadhwa transitioned to public service in 2003, becoming a member of the SEC as a Staff Attorney in its Division of Enforcement. Over twenty years, he climbed the ranks, holding crucial roles comparable to Branch Chief, Assistant Director, and Deputy Chief of the Market Abuse Unit.
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He later grew to become Associate Director and Senior Associate Director of the New York Regional Office. In 2021, Wadhwa was appointed Deputy Director of the Enforcement Division, a place that paved the best way for his elevation to Acting Director in October 2024.
Notably, one other Indian-origin, Tejal Shah additionally spearheading the investigation towards Adani teams, alongside Wadhwa.