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⚡‘Legally Flawed’: Gautam and Sagar Adani Challenge SEC Fraud Claims in US Court

By IANS

Gautam and Sagar Adani have moved to dismiss a US SEC lawsuit, arguing the court lacks jurisdiction over the 2021 bond sale. They contend the transactions were extraterritorial, involving Indian entities and non-US listings. The filing labels SEC claims 'legally flawed', stating the alleged misconduct occurred entirely outside the US.

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