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US may drop fraud charges against Gautam Adani as SEC settlement talks move toward resolution
International
Published on 14 May 2026
Prosecutors could drop charges this week, sources say
US authorities are reportedly nearing a resolution to fraud matters involving Asia’s richest person Gautam Adani. The US Justice Department could announce as early as this week that it is dropping criminal fraud charges that have hovered over Adani for more than a year, sources said. Separately, the Securities and Exchange Commission is working to settle a parallel civil fraud case filed in November 2024, likely involving a monetary penalty. Ending both cases could clear the way for Adani’s return to international capital markets and faster expansion.
- US Justice Department may drop Adani’s fraud charges this week
- Criminal case has stalled for more than a year with no court appearances
- US indictment alleged a $250 million bribery scheme linked to solar contracts
- SEC civil case targets alleged bribes tied to India’s largest solar project
- SEC settlement likely includes a monetary penalty rather than dismissal alone
- Adani and the Adani Group have consistently denied all allegations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times