By Admin 
Gautam Adani: Shares of Adani Group companies are going to be in focus in the coming times because the US Securities and Exchange Commission (SEC) has made all arrangements to prosecute Gautam Adani for civil fraud.
In an application filed on Friday in the Federal Court of Brooklyn, New York, it was informed that the lawyers fighting the case for Adani have agreed to accept the SEC’s legal papers, so that US District Judge Nicholas Garoufis will not need to decide on how to send notices to the defendants.
Answer will have to be given in 90 days
Let us tell you that this notice is in connection with a civil fraud case, in which he is accused of misleading investors by planning bribery. If the judge approves the motion, Gautam Adani and his nephew will have 90 days to respond to the SEC’s complaint, which may also include a request to dismiss the case. However, Gautam Adani’s lawyer Robert Giuffra and Sagar Adani’s lawyer Sean Hecker have refused to comment on this.
Giuffra, who fought the case for Gautam Adani, is not an ordinary lawyer. He is currently fighting the case of Donald Trump challenging his criminal conviction. He has also fought the case of Volkswagen and Goldman Sachs and got them victory. He has been honored with the Securities Litigator of the Year award in 2025.
What is the matter?
In November 2024, the SEC accused Adani of breaking US securities laws. He was accused of raising money by lying to American investors and banks to acquire renewable energy projects in India and later planned to use this money to bribe government officials. This amount was around 250 million dollars i.e. around Rs 2,029 crore. The SEC had said that it would be difficult to serve legal documents to him, so last week the SEC had requested the US judge to allow him to send summons (notice) to Adani through email or other lawyers.
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