DOJ Dismisses Indictment With Prejudice
The U.S. Department of Justice (DOJ) has moved to permanently dismiss all criminal fraud and conspiracy charges against Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and other company executives. The DOJ filed a request with the federal court to dismiss the indictment “with prejudice,” meaning the bribery case is closed and cannot be reopened.
The decision followed reports that Adani’s legal team had informed U.S. officials of the billionaire’s plan to invest $10 billion in the United States energy sector. The legal team noted that the major investment could not proceed while the criminal charges remained unresolved, leading the DOJ to exercise its prosecutorial discretion to drop the case.
Settlements Resolved with OFAC and SEC
The dismissal coincided with the resolution of other U.S. regulatory issues. Adani Enterprises agreed to pay $275 million to the Office of Foreign Assets Control (OFAC) to settle allegations regarding liquefied petroleum gas imports from Iran. Additionally, Gautam Adani agreed to a $6 million penalty and Sagar Adani to a $12 million penalty to settle civil charges with the SEC without admitting or denying the allegations.
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