Gautam Adani (Chairman of Adani Group) and Sagar Adani are preparing to dismiss the U.S. SEC's complaint alleging securities fraud, which includes claims of a $250 million bribery scheme related to solar energy contracts in India. Their legal team filed a letter with the U.S. District Court for the Eastern District of New York, outlining several grounds for dismissal by April 30. They argue that the court lacks personal jurisdiction over them, as they are not based in the U.S. and the alleged actions occurred exclusively in India. The SEC's claims are said to be impermissibly extraterritorial and rely on vague statements that do not constitute actionable fraud. The Adani brothers assert that they were not involved in the bond transactions that the SEC is investigating, which were conducted outside the U.S. and involved non-U.S. entities. They maintain that the SEC has failed to establish any legal violation, asserting that the case falls outside the purview of U.S. securities laws.