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US DOJ Drops Indictment, billionaire Adani Pays $293 M Settlement

6/27/2026

Summary

Story summary

The U.S. Justice Department announced in May 2026 it will stop pursuing the criminal indictment against billionaire Gautam Adani.
Adani’s lawyers asked U.S. District Judge Nicholas Garaufis to dismiss the remaining criminal charges in Brooklyn and civil securities charges after an SEC settlement requiring Adani to pay $6 million and nephew Sagar Adani $12 million.
Adani Enterprises Limited also agreed to pay the U.S. Treasury $275 million to resolve alleged Iran-sanctions violations.

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Story summary

The U.S. Justice Department announced in May 2026 it will stop pursuing the criminal indictment against billionaire Gautam Adani.
Adani’s lawyers asked U.S. District Judge Nicholas Garaufis to dismiss the remaining criminal charges in Brooklyn and civil securities charges after an SEC settlement requiring Adani to pay $6 million and nephew Sagar Adani $12 million.
Adani Enterprises Limited also agreed to pay the U.S. Treasury $275 million to resolve alleged Iran-sanctions violations.