Gautam Adani, Sagar Adani to seek US SEC fraud case dismissal by April 30

Gautam Adani and nephew Sagar Adani are challenging a US SEC civil lawsuit, seeking dismissal by April 30, 2026, citing lack of court jurisdiction. The Adani Group stocks saw a surge following this move. The SEC had accused them of bribery to benefit Adani Green Energy and failing to disclose this in a 2021 bond offering.