Fri Jun 27 21:17:43 UTC 2025: **Summary:**

The U.S. Securities and Exchange Commission (SEC) is continuing its efforts to serve legal documents to Gautam Adani and his nephew Sagar in India regarding a civil securities case filed in November 2024. The SEC alleges that they made false and misleading statements related to a bond offering. Separately, an indictment in the U.S. alleges they engaged in a $265 million bribery scheme to secure lucrative solar energy contracts. The SEC is seeking assistance from India’s Ministry of Law and Justice to serve the summons through diplomatic channels, as direct summons are not permissible. The Adani Group denies the allegations, asserting adherence to high standards of governance and compliance. The Court has asked the SEC to provide a further update by August 11, 2025.

**News Article:**

**Adani Group Faces U.S. SEC Scrutiny Over Alleged Bribery, Misleading Statements**

**New York, June 28, 2025** – The Adani Group, an Indian conglomerate, is facing increased scrutiny from U.S. authorities as the Securities and Exchange Commission (SEC) continues its efforts to serve legal documents to Chairman Gautam Adani and his nephew, Sagar Adani, in connection with a civil securities case. The SEC alleges that the company made false and misleading statements concerning anti-bribery practices related to a September 2021 bond offering.

In a letter filed with the U.S. District Court for the Eastern District of New York, the SEC detailed its ongoing efforts to serve the summons under the Hague Service Convention, a process that involves seeking assistance from Indian authorities. The SEC is requesting the help of India’s Ministry of Law and Justice to officially serve the summons.

These legal challenges stem from an indictment unsealed last year, alleging that Adani and others were involved in a $265 million bribery scheme to secure lucrative renewable energy contracts. U.S. prosecutors claim the Adani Group raised $2 billion in loans and bonds based on these misleading statements and the alleged bribery probe, which is expected to yield $2 billion of profit over 20 years.

The Adani Group has vehemently denied the allegations. In a statement, the company asserted its commitment to the highest standards of governance, transparency, and regulatory compliance.

The court has given the SEC until August 11, 2025, to provide an update on its efforts to serve the defendants. This ongoing legal battle is being closely watched, especially given the Adani Group’s significant global presence and the potential implications for international business practices.

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