Gautam Adani

A US federal judge's decision to seek a fuller explanation from prosecutors before approving the dismissal of criminal charges against Indian billionaire Gautam Adani is a procedural requirement and does not signal that the case is likely to proceed, according to a senior US lawyer familiar with federal criminal practice. "The judge's order is procedural," lawyer Chris Man said. Under Rule 48(a), the Department of Justice must obtain leave of court to dismiss an indictment, and judges can ask questions or seek additional briefing before ruling. "That, by itself, is not unusual," he said. The lawyer added that there is little precedent for a federal court compelling prosecutors to continue pursuing a criminal case once the Justice Department has decided it should be dismissed. Judges "have little discretion," he said. "There is effectively no modern precedent for a judge forcing the Department of Justice to prosecute a case that the executive branch has determined should be abandone

The Justice Department said last month it would no longer pursue the prosecution

The Indian billionaire's lawyers argued that the case falls outside US jurisdiction and that prosecutors cannot prove the alleged bribery in India

Group companies gained after Gautam Adani outlined expansion plans at the AGM, while Morgan Stanley raised its target price for Adani Power and retained an overweight rating

Gautam Adani says the group is expanding across power, nuclear energy, transmission, ports, data centres and cement, backed by large-scale infrastructure investments

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector

Adani said the group will simplify management structures, strengthen contractor partnerships and improve welfare standards for its nearly 400,000-strong workforce

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Billionaire Gautam Adani said the Adani Group has moved beyond its US legal challenges and is accelerating investments across energy, transport, logistics and digital infrastructure, positioning itself to benefit from rising demand for artificial intelligence-led growth. In his annual letter to shareholders, Adani said the conglomerate remained committed to expansion despite heightened scrutiny over the past year, adding that matters related to the group's US legal proceedings were now "behind us", allowing it to focus on its next phase of growth. Adani described the group's recent Rs 24,930 crore rights issue in flagship firm Adani Enterprises as a vote of confidence from investors at a time when the conglomerate faced questions over governance and regulatory issues. "Even though it was a year in which the world grew more fractured, complex energy security models returned to the centre of national strategy and technology became inseparable from sovereignty, Adani Group remained ...

Adani Group stocks have erased losses triggered by the 2023 Hindenburg report as investor confidence returns amid easing regulatory pressures

The US Department of Justice dropped all criminal charges against Gautam Adani, bringing the high-profile alleged bribery case to an end.

Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.

It is the latest example of Trump's Justice Department abandoning a high-profile case brought under his Democratic predecessor, Joe Biden

Adani Group on Monday agreed to pay USD 275 million to settle allegations of violation of US sanctions on Iran, with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) saying the Indian conglomerate extended "extensive cooperation" with the investigation and made "proactive" disclosures. Adani Enterprises, the group's flagship firm, had bought shipments of liquefied petroleum gas (LPG) from a Dubai-based trader purporting to supply Omani and Iraqi gas that had actually originated from Iran. The settlement does not constitute a finding of guilt or wrongdoing and resolves all related liabilities. "AEL agreed to settle its potential civil liability for 32 apparent violations of OFAC's Iran sanctions," OFAC said. From November 2023 to June 2025, AEL purchased shipments of LPG from a Dubai-based trader purporting to supply Omani and Iraqi gas. While the Dubai supplier represented itself as a reputable middleman supplying LPG primarily from Oman, as well as Iraq, in .

The fundraising may take place over the next three to four quarters, or by early next year, the people said. If carried out, it would mark the first US-listed debt issuance by an Adani Group firm

Congress leader Rahul Gandhi on Friday accused Prime Minister Narendra Modi of signing a trade deal with the US only to secure the "release" of billionaire businessman Gautam Adani. "Compromised PM did not strike a trade deal, but a bargain for Adani's release," Gandhi said in a post in Hindi on X, after reports that the US has agreed to settle the lawsuit that accused Adani of hiding alleged bribery. The US government has agreed to settle the lawsuit filed against Adani, who is accused of duping investors by concealing that his company's huge solar energy project in India was being facilitated by an alleged bribery scheme, according to court filings published Thursday. Reacting to the reports, Congress general secretary in-charge communications Jairam Ramesh said it was now clear why the PM agreed to the "hopelessly one-sided Indo-US trade deal that was really a steal by the US". "And it is also clear why he abruptly halted Operation Sindoor on May 10, 2025, acting on President ..

Adani Green Energy in an exchange filing said the US SEC, Gautam Adani and Sagar Adani filed their request for entry of final judgment, on consent, before the US Eastern District NY Court on May 15.

Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations that they made false and misleading representations about Adani Green Energy

Ending the cases would be a significant boon to the Adani Group, one of India's most powerful companies, whose interests range from coal mining to renewable energy and airports

Adani stated that true independence in the 21st century will mean owning energy and intelligence