The Trump administration moved to end the case against Indian billionaire Gautam Adani, while also settling alleged Iran sanctions violations involving one of his companies, according to a Reuters report.
This came after Adani’s attorney, who is also a personal attorney of President Donald Trump, said last month his client wanted to invest $10 billion in the United States but could not do so while the cases proceeded, according to a source familiar with the matter.
“The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these criminal charges against individual defendants,” it said.
READ: Gautam and Sagar Adani to pay $18 million in SEC settlement over fraud allegations (May 15, 2026)
Thereafter, the court ordered that the indictment against Adani and others “be dismissed with prejudice.” The dismissal being “with prejudice” means the case cannot be reopened.
Adani had been accused of agreeing to pay $265 million in bribes to Indian government officials so Adani Group could win approval to develop India’s largest solar power plant. According to prosecutors, he and his co-conspirators raised more than $3 billion by hiding their corruption from lenders and investors. The Adani Group, which is headed by Gautam Adani, denied all wrongdoing.
Earlier on Monday, the U.S. Treasury Department said Adani Enterprises, part of Adani Group, had agreed to pay $275 million to resolve alleged sanctions violations. According to reports, the company had allegedly purchased shipments of liquefied petroleum gas from a Dubai-based trader purporting to supply Omani and Iraqi gas. However, it was alleged the gas originated in Iran.
READ: Adani aims to create the world’s largest integrated data center by 2035 (February 17, 2026)
In a separate development, the U.S. regulators have agreed to a settlement in a different civil lawsuit against billionaire Gautam Adani and his nephew Sagar Adani. Under the settlement, Gautam Adani will pay a $6 million penalty, while Sagar Adani will pay $12 million.
The two men accused have consented to “entry of the final judgment without admitting or denying the allegations made in the civil complaint,” and payment of penalties, Indian renewable energy firm Adani Green said in a filing to the Indian stock exchanges. The company added that it is not part of these proceedings and “no charges have been brought against it.”
Adani, a close ally of Indian Prime Minister Narendra Modi, has an estimated net worth of $82 billion, according to Forbes.