Adani stocks rally up to 3.5% as US DOJ drops bribery charges, group settles OFAC case for $275M
A 19-month legal overhang lifted as the US Department of Justice dropped all criminal charges against Gautam and Sagar Adani. The conglomerate separately settled an OFAC civil sanctions case for $275 million. Listed Adani entities — Enterprises, Green, Power, Ports, Energy and Total Gas — rallied up to 3.5% on the resolution.
US DOJ dropped all criminal charges against Gautam and Sagar Adani in the alleged bribery case, lifting a 19-month overhang. Adani group stocks rallied up to 3.5%. Group separately settled OFAC sanctions civil case for $275 million.