Gautam Adani, India’s second-richest individual, plans to seek dismissal of a civil fraud case filed by the U.S. Securities and Exchange Commission over an alleged bribery scheme. According to court filings in New York, Adani and his nephew Sagar Adani deny any wrongdoing and argue there is no credible evidence supporting claims that they paid or promised bribes to Indian officials to benefit Adani Green Energy. The case is linked to allegations that the company failed to disclose the scheme during a $750 million bond offering in 2021. Their legal team has also argued that the SEC’s claims fall outside U.S. jurisdiction, as the alleged activities occurred in India and the bonds were not traded on U.S. exchanges. Meanwhile, a related criminal case filed by U.S. prosecutors in 2024 remains without major public developments.