Adani seeks dismissal of SEC fraud case in US, denies wrongdoing

Gautam and Sagar Adani are challenging a US SEC securities fraud lawsuit, arguing the case lacks US jurisdiction and credible bribery evidence. They contend investors suffered no losses from the 2021 Adani Green bond issue, which they claim was conducted entirely outside the US. The Adanis deny wrongdoing and seek dismissal of the SEC’s claims.