Gautam Adani moves to dismiss US SEC civil fraud charges

Lawyers for Gautam Adani asked a New York federal judge on Tuesday to dismiss the SEC civil fraud case. They argue the claims lack merit and legal jurisdiction.

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Indian billionaire Gautam Adani has moved to dismiss a civil fraud case filed against him by the U.S. Securities and Exchange Commission (SEC). Legal representatives for Adani, one of the most prominent business figures in India, submitted a formal filing on Tuesday to a federal court in Brooklyn, New York, located within the United States.

Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India November 30, 2024. REUTERS/Stringer/File Photo
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