DOJ moves to drop bribery charges against Gautam Adani, lifting parent-level overhang
US Justice Department has sought to dismiss criminal charges tied to a $250M alleged bribery scheme around Indian solar contracts, while SEC settled the related civil case. The reversal removes a major governance cloud over Adani Group, with positive read-through for its airport retail and consumer-facing units.
US Department of Justice has sought to drop criminal bribery charges against Gautam Adani tied to Indian solar contracts, reversing a high-profile case. SEC separately settled related civil fraud case, easing parent-level overhang on Adani's retail and airport businesses.