US drops Adani fraud case, $275M Iran settlement clears overhang as group pledges $10B investment
DOJ dismissed criminal bribery charges against Gautam and Sagar Adani; Adani Enterprises paid $275M to settle OFAC allegations over LPG sanctions exposure. The cleanup, paired with a $10B US capex pledge, removes a capital and reputational drag on the conglomerate's retail-adjacent arms (APSEZ logistics, Adani Green).
US DOJ dropped criminal fraud charges against Gautam and Sagar Adani, while Adani Enterprises paid $275M to settle alleged Iran sanctions violations on LPG imports. Adani signaled $10B US investment intent, clearing capital overhang for the conglomerate's retail arms.