For the fifth time, the SEC reports ‘no progress’ in serving notice to Adanis by India’s Law Ministry

Legal process stalled despite SEC’s multiple diplomatic efforts

December 15, 2025

Adanis yet to be served notice in $250M bribery case, says US SEC

For the fifth time in eight months, the US Securities and Exchange Commission (US SEC) has filed a status report with the Eastern District of New York, saying that India’s Ministry of Law and Justice has not served notice to industrialists Gautam Adani and his nephew Sagar Adani. In a two-page letter filed on December 12, SEC counsel Christopher M. Colorado informed Magistrate Judge James R. Cho that the agency has made no concrete progress in serving the defendants.

“The SEC has been in periodic contact with India’s MOLJ and understands that they have not yet effected service…. The SEC’s efforts to serve the Defendants are ongoing, and it will keep the Court informed of its progress,” said SEC Counsel to the Court.

The SEC has delivered the summons through diplomatic channels to India’s Law Ministry as per the Hague Service Convention. The US Commission first reached out to Indian authorities in February 2025, nearly three months after filing the complaint on November 20, 2024.

In its status report in April, the SEC said that the Indian government had finally acknowledged the request. “Since the February Status Update, the India MoLJ has confirmed to the SEC that it received the SEC’s request for assistance under the Hague Service Convention and that it has, in turn, requested that the relevant judicial authorities within India attempt to serve the Summons and Complaint on Defendants,” the SEC wrote.

In November 2024, Adani, along with two executives—his nephew Sagar Adani and colleague Vneet Jaain—was accused of paying more than $250m in bribes to Indian officials to secure solar energy contracts. The bribe payments, made over a four-year period from 2020 to 2024, were expected to generate $2bn in profits. Adani Group’s US-based firm Azure was involved in this controversial deal in the Solar sector in India.[1]

Reference:

[1] US SEC says India’s Law Ministry has not delivered bribery case summons to Gautam Adani, nephew Sagar Adani & Adani Group – Aug 12, 2025, PGurus.com

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