Brief by Shorts91 Newsdesk / 04:29am on 13 Aug 2025,Wednesday India Global
The U.S. Securities and Exchange Commission (SEC) has informed a New York federal court that it remains unable to serve legal summons to Gautam Adani, his nephew Sagar Adani, and the Adani Group, citing delays by Indian authorities despite six months of attempts under the Hague Service Convention . The civil lawsuit, filed in the Eastern District of New York in November 2024, accuses them of orchestrating a $265 million bribery scheme tied to solar power contracts, alleged securities fraud, and misleading U.S. investors . The delay in formal service has brought the legal proceedings to a standstill, prompting questions about cross-border legal cooperation and enforcement protocols. (PC: India Today)
