Charges against billionaire Adani dropped by US; Treasury settles sanctions probe
By Samuel Rubenfeld ( May 18, 2026, 17:25 GMT | Insight) -- Federal prosecutors have asked a US judge to dismiss criminal charges against Indian billionaire Gautam Adani and seven others over their alleged roles in a scheme to bribe Indian officials to secure renewable energy contracts. It comes hours after the US Treasury Department settled with an Adani Group unit over violations of sanctions on Iran over liquefied petroleum gas imports, and days after Adani and his nephew agreed to pay $18 million to settle claims from the US Securities and Exchange Commission over the renewable energy scheme.Federal prosecutors have asked a US judge to dismiss criminal charges against Indian billionaire Gautam Adani and seven others over their alleged roles in a scheme to bribe Indian officials to secure renewable energy contracts....
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