Indian billionaire Gautam Adani will seek to dismiss fraud case in US

Gautam Adani, India’s second richest person, will ask a US judge to dismiss the Securities and Exchange Commission’s (SEC) civil fraud case stemming from an alleged bribery scheme, his lawyers said on Tuesday. Adani and his nephew Sagar Adani were charged by the SEC in November 2024 with orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy, where both men are executives and directors. The securities...