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April
8 (Reuters) - Adani Green Energy on Wednesday said group chair Gautam Adani and his nephew Sagar Adani plan to seek dismissal of a civil suit stemming from an alleged bribery scheme filed by the U.S. Securities and Exchange Commission in a New York court by April 30.
* The company said that the defendants have submitted apre-motion letter to the court indicating their intent to seekdismissal of the SEC's complaint and said they are willing toattend a pre-motion hearing, if scheduled. * They argued the court lacks jurisdiction over Gautam andSagar Adani, and said grounds for dismissal also include case's"extraterritorial nature", reflecting how the Adanis and allalleged misconduct were in India, and the bonds were nevertraded on a U.S. exchange. * On Tuesday, Reuters reported Adani's plans to seekdismissal US SEC fraud case, citing his lawyers * Gautam Adani and his nephew Sagar Adani were charged bythe SEC in November 2024 with orchestrating a scheme involvinghundreds of millions of dollars in alleged bribes to Indianofficials to benefit Adani Green Energy, where both men aredirectors. * The securities fraud case is tied to Adani Green's allegedfailure to disclose the scheme in documents for a $750 millionbond offering in 2021. * Adani Green said that it was not a party to theseproceedings, and no charges have been brought against it(Reporting by Nishit Navin; Editing by Sonia Cheema)
