Gautam Adani

US judge seeks more details from Adani on DOJ move to drop bribery case

Judge Nicholas Garaufis has directed the Indian billionaire to file sworn responses by July 15 on whether any promises or deals were linked to the Justice Department's move to dismiss the indictment

US court unlikely to reject DOJ bid to drop Adani case, say legal experts

US legal experts said it would be highly unusual for a federal court to reject the Department of Justice's request to dismiss the criminal case against Indian billionaire Gautam Adani, after prosecutors set out detailed legal and policy reasons for seeking to drop the indictment. Under Rule 48(a) of the Federal Rules of Criminal Procedure, the Justice Department must obtain the court's permission to dismiss an indictment. While judges may seek additional information or hold hearings before ruling, legal experts said there is little modern precedent for compelling prosecutors to continue pursuing a case the executive branch has decided to abandon. "It would be very unusual if the courts were to do anything more than accept the department's reasoning and dismiss the case," Adam Goldberg, Corporate Investigations Partner at Pillsbury, told PTI Videos. "The Department of Justice has provided tremendous amounts of detail not just with respect to a host of reasons why it does not want to .

Decision to drop Adani charges not tied to planned investments: US DOJ

The US Department of Justice has denied that its decision to drop criminal charges against Indian billionaire Gautam Adani and seven others was linked to the Adani Group's plans to invest about USD 10 billion in the United States, saying the prosecution was legally unsustainable and should never have been brought. In a filing, responding to a federal judge's demand for a fuller explanation, Principal Associate Deputy Attorney General R Trent McCotter rejected media reports suggesting the dismissal was influenced by the conglomerate's investment plans. "The current or former Department attorneys... have suggested that I sought dismissal of the securities charges at least in part because of some promise by those defendants to invest money in the United States. That is false," McCotter wrote. "I would have sought dismissal of the securities charges regardless of any mentions of investments," he added, saying he had already concluded that the case should be dropped before the issue was

US DOJ says Adani case should never have been filed, seeks dismissal

The US Department of Justice has forcefully defended its decision to abandon the criminal case against Indian billionaire Gautam Adani and seven others, telling a federal judge the prosecution was legally flawed, diplomatically counterproductive and inconsistent with the Trump administration's enforcement priorities. In a sharply worded 10-page filing, the DOJ said the case "should have been dropped a year ago -- or never brought in the first place," arguing that the court had only a limited role in reviewing its decision to dismiss charges with prejudice. The filing came after US District Judge Nicholas Garaufis asked the department to explain why it was seeking to permanently dismiss the indictment, calling its earlier motion "terse, bland, and conclusory". DOJ had in 2024 under the Biden administration indicted Adani and others for allegedly being involved in a scheme to bribe Indian government officials to the tune of USD 250 million and to lie to investors to receive billions .

Adani case: NY judge's query unlikely to stall DoJ move, says lawyer

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

US judge seeks reasons for dropping criminal charges against Gautam Adani

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

Adani's lawyers ask US court to formally end bribery case after DOJ retreat

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

Adani group firms rally after AGM; Morgan Stanley raises Adani Power target

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

Adani Power to invest over ₹2 trn in five years, target 45 GW capacity

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

Adani Group unveils plan for 10 GW nuclear energy capacity by 2035

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 Group AGM: Gautam Adani shares three-pronged plan; focus on workforce

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

As trillion-dollar fortune beckons Musk, how far behind are the rest

SpaceX's blockbuster IPO could make Elon Musk the world's first trillionaire. Here's a look at the wealthiest people globally and in India

Adani says US legal issues behind it, bets on AI-driven infrastructure boom

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 firms extend rally to recoup losses sparked by Hindenburg

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

Relief for Adani Group: Why did the US drop all charges against Gautam Adani

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

Adani stocks gain as US drops charges in New York case; Adani Green up 4%

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

US ends civil, criminal cases against Adani after $10 bn investment promise

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

Adani settles alleged Iran sanctions violation case with US Treasury

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 .

Adani Group revives plans to raise $1 billion via US-listed dollar bond

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

Compromised PM didn't sign deal but bargain for Adani's release: Rahul

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 ..