US DoJ drops fraud charges against Adani; SEC settles, lifting overhang on retail and airport units
The US Justice Department permanently closed its securities and wire fraud case tied to a solar bribery probe against Gautam Adani, with the SEC settling its parallel lawsuit. The resolution removes a major governance cloud over the Adani Group, which operates airport retail concessions and consumer-facing businesses, and could ease capital access for expansion.
US Justice Department dropped securities and wire fraud charges against Gautam Adani over a solar power bribery case. SEC also settled a related lawsuit, removing a major overhang on the conglomerate that houses Adani's retail and airport-retail businesses.