<h1>SEC pursues diplomatic channels to serve Indian billionaire and nephew in securities fraud case involving renewable power contracts</h1> The US Securities and Exchange Commission filed a status update with a federal court regarding ongoing efforts to serve legal documents to an Indian billionaire and his nephew in a civil securities case. The SEC is pursuing formal service through the Hague Service Convention's diplomatic channels, as it lacks jurisdiction to directly summon foreign nationals. The case involves alleged violations of US securities laws through false statements related to a bond offering, with claims of substantial payoffs to secure renewable power contracts. The defendants remain officially unserved since the complaint's filing.