Gautam Adani, the founder of the Adani Group, has filed a motion in the Eastern District Court of New York to dismiss a lawsuit brought by the US Securities and Exchange Commission (SEC). The SEC accuses Adani and his nephew, Sagar Adani, of securities fraud related to a $750 million bond sale by Adani Green Energy Ltd in 2021. The Adanis argue that the court lacks personal jurisdiction, asserting that neither has sufficient contacts with the US and that the bond sale was conducted entirely outside the country under SEC exemptions. They emphasize that the SEC's claims are based on an alleged bribery scheme tied to Indian officials, which they deny, stating that there is no credible evidence of investor losses, as the bonds were fully repaid with interest in 2024. The Adanis also contend that the SEC's case is impermissibly extraterritorial, as the alleged misconduct occurred in India and involved an Indian issuer. They plan to formally move to dismiss the case by April 30, 2026, and have indicated their readiness to attend a pre-motion conference if required.