US DOJ Drops Bribery Case Against Adani Group, Lifting Legal Cloud on Capital Plans
After a 10-week, 600-page legal defense, the US Justice Department dismissed its bribery and securities fraud case against Gautam Adani; SEC separately settled civil claims for $6M (Gautam Adani) and $12M (Sagar Adani), removing a key overhang on Adani Group's fundraising and expansion ambitions.
US DOJ dismisses bribery/securities fraud case against Gautam Adani after intensive legal defense; SEC settles civil claims with Adani executives, easing legal overhang on Adani Group's capital and retail-adjacent operations.