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Adani stocks jump in focus as US weighs dropping fraud charges and moves toward big settlements
Business
Published on 15 May 2026
Prosecutors may drop charges after a $10 billion pledge
Adani Group shares are in the spotlight after reports say the US Justice Department is considering dropping fraud charges against Gautam Adani, following moves by a newly appointed legal team led by Robert J. Giuffra Jr. The NYT says prosecutors proposed a path to resolution that could include a $10 billion US investment and job creation. Meanwhile, separate SEC and Treasury-related matters are reportedly moving toward settlement agreements with financial penalties, while other discussions cite further civil and sanctions payments.
- US Justice Department reportedly considering dropping criminal fraud charges against Gautam Adani
- NYT cites a proposal: $10 billion US investments and 15,000 jobs if charges are dropped
- Adani’s new legal team is led by Robert J Giuffra Jr, linked to US political circles
- SEC and Treasury-related civil matters are reportedly drafting settlement agreements with penalties
- Bloomberg cites talks of an SEC-connected settlement between $15 million and $20 million
- Adani Group is reportedly nearing a nearly $275 million settlement tied to OFAC scrutiny
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times