Reports citing people familiar with the matter state that the U.S. Department of Justice (DoJ) may soon drop criminal charges filed against Adani and several executives linked to the Adani Group. At the same time, the U.S. Securities and Exchange Commission (SEC) is reportedly working toward settling a parallel civil fraud case.
The allegations originally emerged in November 2024, when U.S. prosecutors accused Adani and associates of participating in an alleged bribery scheme involving more than $250 million in payments to Indian officials to secure solar energy contracts. Prosecutors also alleged that misleading statements were made to U.S. investors while raising billions of dollars through loans and bond offerings. The Adani Group has consistently denied all wrongdoing.
According to Bloomberg and other reports, the Justice Department could effectively end the criminal prosecution because the defendants remain outside the United States and have not appeared before the court. Meanwhile, any settlement with the SEC may involve financial penalties rather than a prolonged legal battle.
If the cases are formally resolved, it would mark a major relief for the Adani Group, whose businesses span ports, airports, renewable energy, mining, logistics, and infrastructure. Analysts believe such a development could improve investor confidence and help the conglomerate return more aggressively to international capital markets.
Neither the U.S. Department of Justice nor the SEC has officially confirmed the reports so far. Representatives for the Adani Group also have not publicly commented on the latest developments.
