Adani Seeks Dismissal of SEC Fraud Case

Gautam Adani and nephew Sagar Adani will file a motion to dismiss the SEC civil fraud case by end of April 2026.
The SEC's November 2024 lawsuit alleges false statements about Adani Green Energy and a $250 million bribery scheme for solar contracts.
Lawyers argue the SEC lacks jurisdiction and that the alleged misstatements are not actionable, noting the conglomerate itself was not named.