The US Department of Justice has dropped criminal fraud allegations against Indian billionaire Gautam Adani and some of his company’s executives, days after he agreed to settle a related civil lawsuit. Adani Enterprises, his group’s flagship company, has also agreed to pay the US Treasury $275 million (£205 million) to resolve a separate inquiry into alleged sanctions violations against Iran.
According to BBC sources, the Adani Group has resolved all three legal actions filed against it in the United States. This will allow Adani to go to the United States without facing legal consequences.
According to media reports, the dropped charges indicate a larger shift in the Trump administration’s approach to prosecuting international bribery cases. Adani, 63, is one of the world’s wealthiest individuals, with $82 billion, according to Forbes. His Adani Group is one of India’s major corporate giants, having operations in energy, ports, and airports.
The cases against him attracted a lot of attention in the United States and India.
In 2024, the US Justice Department filed criminal fraud charges against Adani and numerous company leaders for allegedly paying bribes to Indian officials for high-profile renewable energy projects and misled US investors about it. He and his company vigorously refuted the charges.
Adani Green Energy stated in a filing with regulators on Monday that the US Justice Department had “filed a motion seeking dismissal with prejudice of the charges” against Adani, his nephew Sagar, and other group leaders. The BBC obtained a copy of an order issued by the US District Court for the Eastern District of New York directing dismissal of the case.
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