Six months after requesting India’s help, the US Securities and Exchange Commission (SEC) says it has still not been able to serve summons to Gautam Adani, his nephew Sagar Adani, and the Adani Group in a major bribery and fraud case.
In a status update to the Eastern District Court of New York on August 11, the SEC said it had sought assistance from India’s Ministry of Law & Justice (MoLJ) under the Hague Service Convention to deliver the summons and complaint, but “those authorities have not yet effected service.”
The SEC first made the request in February 2025, after filing its complaint in November 2024.
The agency alleges that Gautam Adani, Sagar Adani, and other executives engaged in bribery, securities fraud, wire fraud, and related conspiracies, including offering Rs 2,029 crore in bribes to secure solar power deals through the government-run Solar Energy Corporation of India (SECI).
Prosecutors claim the group failed to disclose its role in a “complex and high-value bribery scheme” to US investors while promoting a $750 million bond offering by Adani Green Energy Ltd.
Court filings allege that between December 2019 and July 2020, SECI awarded tenders for 12 gigawatts of solar power to Adani and Azure Power, who then colluded to bribe officials from multiple states, including Andhra Pradesh’s then Chief Minister Jagan Mohan Reddy, to sign Power Sales Agreements.
In March, reports suggested the MoLJ had forwarded the summons to an Ahmedabad court for service to Adani’s local address, but no delivery has been made in the past six months. The SEC says it has also sent notices directly to the defendants and their lawyers.
The US Department of Justice has also indicted the Adanis, with Sagar Adani reportedly served a grand jury subpoena in March 2023 and having his electronic devices seized by the FBI.
The SEC told the court it will “continue communicating with the India MoLJ and pursue service of the Defendants via the Hague Service Convention, and will keep the Court apprised of its efforts.”