Adani wins crucial court hearing in SEC fraud dismissal bid. A US judge granted Gautam Adani's request for a pre-motion conference to argue for dismissal of the Securities and Exchange Commission fraud case. Adani's legal team contends the court lacks jurisdiction since the alleged misconduct occurred entirely in India involving Indian entities and unregistered securities. The defense argues there is no credible evidence of bribery and that statements cited by the SEC constitute non-actionable puffery. Notably, the bonds in question have matured and were fully repaid with interest, with no reported investor losses. The early hearing opportunity could potentially spare Adani from a lengthy legal process if the judge rules in his favor on jurisdictional grounds.
