Adani demands dismissal of fraud case from US court: Said – the matter is outside US jurisdiction, no fraud has been proved

Gautam Adani and his nephew Sagar Adani have demanded dismissal of the civil fraud case filed by the US regulator Securities and Exchange Commission (SEC). He said that this case is outside US jurisdiction and there are no concrete allegations in it. Adani Group filed a pre-motion letter in the New York court saying that the deal against which allegations have been made was made outside America. The SEC’s lawsuit is therefore legally weak and should be dismissed in its entirety. SEC had filed a case against Gautam Adani and Sagar Adani on 24 November. The SEC had alleged that Adani Group company Adani Green Energy Limited (AGEL) misled investors during the 2021 bond issue and did not disclose the bribery case.



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