US Court Dismisses Criminal Case Against Gautam Adani and Nephew

New York: In a major legal development, the US Department of Justice has decided to permanently drop all criminal charges against Gautam Adani and his nephew Sagar Adani in an alleged securities and wire fraud case.

According to a filing submitted before the Eastern District of New York, the US Department of Justice requested that the indictment against the Adanis be dismissed. The department stated that, after reviewing the matter, it had chosen not to continue allocating resources toward pursuing the criminal charges.

Following the request, the court ordered that the indictment against Gautam Adani and the other accused be “dismissed with prejudice,” meaning the case cannot be refiled in the future.

During the proceedings, lawyers representing Gautam and Sagar Adani argued that there was no credible evidence supporting the alleged bribery scheme. The defence also maintained that the US Securities and Exchange Commission (SEC) did not have the required jurisdiction over the two individuals and claimed that the alleged misstatements forming the basis of the case were not legally actionable.

The Adani Group had consistently denied all allegations. The group earlier clarified that none of its companies or executives had been charged under the US Foreign Corrupt Practices Act. It also stated that Adani Green Energy was not a party to the proceedings.

With the latest development, multiple legal and regulatory investigations involving the Adani Group in the United States have now reportedly been closed. The US SEC had also settled civil allegations linked to the matter last week.

Separately, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Monday that it had reached a $275 million settlement with Adani Enterprises Limited over alleged violations of sanctions related to imports of liquefied petroleum gas (LPG) from Iran.

According to the OFAC statement, Adani Enterprises allegedly purchased LPG shipments between November 2023 and June 2025 from a Dubai-based trader that claimed the supplies originated from Oman and Iraq. However, US authorities said warning signs suggested the LPG may have actually originated from Iran.

The statement further alleged that the company caused US financial institutions to process 32 US dollar-denominated transactions worth around $192 million related to those shipments. Adani Enterprises agreed to the settlement to resolve potential civil liability in the matter.

With inputs from IANS