The status report, reviewed by India Today, shows that while the US financial regulator has been actively attempting to advance the federal lawsuit, the progress has stalled due to procedural bottlenecks involving cross-border legal cooperation. The civil lawsuit, originally filed last year, accuses #GautamAdani, his nephew #SagarAdani, and other related individuals of securities law violations and misleading representations linked to #AdaniGroup activities. The charges stem from an alleged scheme to pay roughly $265 million in bribes to Indian government officials to secure lucrative solar power contracts, a fact that prosecutors say was concealed from US investors. The Adani Group has consistently denied these allegations, dismissing them as "baseless." Report by @nalinisharma_ - intdy.in/r7ahix