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Tuesday, October 14, 2025

US SEC seeks help from Indian authorities in alleged Adani bribery case

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New Delhi: After a brief lull, the US Securities and Exchange Commission has sought help from Indian authorities in its investigation of Adani Group founder Gautam Adani and his nephew over alleged securities fraud, a court filing showed on Tuesday.

The regulator told a New York district court that the defendants are located in India and the SEC’s efforts to serve them there are ongoing, including through a request for assistance to the Indian authorities to effect service under the Hague Service Convention for Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters.

The SEC had filed its complaint in November last year alleging that Defendants violated the antifraud provisions of the federal securities laws by knowingly or recklessly making false and misleading representations concerning Adani Green Energy Ltd in connection with a September 2021 debt offering by Adani Green.

In a related criminal case arising from many of the same alleged facts, the United States Attorney for the Eastern District of New York charged Defendants with, among other things, conspiracy and securities fraud.

Last week, during his state visit to the USA, Prime Minister Narendra Modi said he did not discuss the Adani case with US President Donald Trump, describing it to reporters as an individual issue never discussed by leaders.

Earlier, Adani Group had called the accusations “baseless” and vowed to seek “all possible legal recourse”.

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