Brief by Shorts91 Newsdesk / 11:36am on 08 Apr 2026,Wednesday Business
A US court has allowed a pre-motion hearing in the SEC case against the Adani Group. Billionaire Gautam Adani and Sagar Adani have sought dismissal of the lawsuit. The case is linked to a 2021 bond issue by Adani Green Energy. The SEC alleges securities fraud and claims investors were misled. The Adanis denied the charges and said the US court has no jurisdiction. They argued the deal took place outside the US and involved no wrongdoing. They also said there is no proof of bribery. The court will now hold a hearing to decide if the case should move forward. (PC: Reuters)
