The U.S. Securities and Exchange Commission (SEC) has sought assistance from Indian authorities in its probe into Adani Group founder Gautam Adani and his nephew, Sagar Adani, over allegations of securities fraud and a $265-million bribery scheme, according to a court filing on Tuesday.
The regulator informed a New York district court that it was attempting to serve its complaint on both individuals and had approached India’s law ministry for assistance in doing so.
Neither Gautam Adani nor Sagar Adani is in U.S. custody, as both are currently in India.
“The SEC has requested assistance … under the Hague service convention,” the court document stated.
Adani Group and India’s law ministry did not immediately respond to Reuters’ request for comment regarding the matter.
Last week, Prime Minister Narendra Modi clarified that he did not discuss the Adani case with U.S. President Donald Trump during his Washington visit. Addressing reporters, he emphasized that it was an individual issue and had never been a topic of discussion between leaders.
India’s opposition Congress party has demanded Adani’s arrest, alleging that Modi has either shielded him or favored him in past business dealings. However, both Modi’s party and Adani have denied these accusations.
In the previous year, federal prosecutors in Brooklyn unveiled an indictment against Adani, accusing him of bribing Indian officials to secure government purchases of electricity generated by Adani Green Energy, a subsidiary of Adani Group.
The indictment also alleged that Adani misled U.S. investors by presenting reassuring information about the company’s anti-corruption measures.
Adani Group has strongly refuted these claims, describing them as “baseless” and asserting its intention to pursue “all possible legal recourse.”
In January, Adani Green announced that it had engaged independent law firms to examine the U.S. indictment against the company.