The U.S. SEC has been unable to serve legal documents to Adani Group executives in India regarding alleged securities fraud and a $265 million bribery scheme. Indian authorities have not acted on requests for cooperation, hindering the SEC’s efforts to pursue the case.

The SEC’s attempts to secure cross-border cooperation in the high-profile case involving Adani Group founders Gautam Adani and Sagar Adani have been stalled. Despite repeated efforts to communicate with Indian authorities, no confirmation of document delivery has been received as of the most recent contact on September 14.

Adani Group executives are not in U.S. custody and remain in India. Last year, U.S. prosecutors indicted Adani for allegedly bribing Indian officials to secure electricity sales for Adani Green Energy. The SEC complaint alleges that the executives misled U.S. investors about the company’s anti-graft practices.

Adani Group and India’s Ministry of Law and Justice have not responded to requests for comment on the case. Adani Group has previously denied the allegations, calling them “baseless” and expressing intent to pursue legal action. Adani Green Energy has appointed independent law firms to review the U.S. charges.

The SEC plans to continue communicating with the India Ministry of Law and Justice to pursue service of the defendants through the Hague Service Convention. The case represents a significant effort by the U.S. regulator to address securities fraud and bribery allegations involving one of India’s largest conglomerates.

Read more at Yahoo Finance: US SEC says India yet to serve summons to Adani executives in bribery indictment