Trump administration ends civil, criminal cases against Adani after $10 billion investment promise
Prosecutors said they found insufficient evidence and no clear U.S. link, ending a case that had also produced a $275 million Treasury settlement.
- The U.S. Treasury announced a $275 million settlement with India’s Adani Enterprises over alleged violations of Iran-related sanctions tied to LPG imports.
- U.S. authorities are moving to resolve multiple legal cases involving billionaire Gautam Adani, including a Treasury settlement and a separate SEC agreement over alleged bribery claims.
- Adani Enterprises agreed to pay $275 million after U.S. officials said the company imported gas shipments that were allegedly linked to Iran through intermediaries.
94 Articles
94 Articles
DOJ Drops Biden-Era Indictment Against Adani Subsidiary
The Department of Justice (DOJ) filed a motion on May 18 requesting that its criminal indictment against executives of Indian renewable-energy company Adani Green Energy Limited be permanently dropped. In November 2024, under President Joe Biden, the DOJ filed criminal charges against Gautam Adani, chairman of the Adani Group; his nephew Sagar Adani; and several other executives. The indictment alleged that the defendants conspired to pay more t…
US drops Adani civil and criminal cases after $10 billion US investment pledge
WASHINGTON: The Trump administration on Monday moved to dismiss criminal fraud charges against Indian billionaire Gautam Adani, while also settling alleged Iran sanctions violations involving one of his companies.The resolution of outstanding cases against one of the world's richest people came after Adani's attorney, who is also a personal attorney of U.S. President Donald Trump, said last month his client wanted to invest $10 billion in the…
All charges dropped by US Department of Justice: Adani Group stocks rally up to 3%
Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.
Gautam Adani is considered the richest man in Asia. In 2024, U.S. prosecutors had accused him of suspected fraud. Now, the Trump administration wants to stop the trial under dubious circumstances.
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