US drops Adani criminal charges; group stocks rally up to 3.5%
DOJ dismissed bribery charges against Gautam and Sagar Adani, with the group settling an Iran-LPG sanctions matter for $275M. The resolution lifts a key overhang on Adani Enterprises, Ambuja Cements, ACC and AWL Agri Business — easing fundraising for the conglomerate's retail and consumer arms.
US DOJ dropped all criminal charges against Gautam and Sagar Adani; group settled Iran-LPG sanctions case for $275M. Adani stocks rose up to 3.5%, removing overhang and aiding fundraising for the conglomerate's retail and consumer arms.