United States v. Gautam S. Adani et al.
Withdrawn or dismissed
- Court
- U.S. District Court, Eastern District of New York
- Case number
- 24-CR-433 (NGG)
- Filed
- 20 Nov 2024
- Parties
- United States v. Gautam S. Adani, Sagar R. Adani, Vneet S. Jaain, Ranjit Gupta, Rupesh Agarwal, Cyril Cabanes, Saurabh Agarwal, Deepak Malhotra
What was claimed
Gautam Adani, Sagar Adani and Vneet Jaain: securities fraud conspiracy, wire fraud conspiracy, securities fraud (alleged false statements to U.S. lenders and investors about anti-bribery practices). FCPA conspiracy charged against Gupta, R. Agarwal, Cabanes, S. Agarwal and Malhotra; obstruction conspiracy against four of them. Gautam Adani was not charged under the FCPA count.
What the court decided
10 Aug 2026: Counts Two-Four dismissed with prejudice on DOJ's Rule 48(a) motion as to the three appearing defendants; 3 Sep 2026: DOJ request to dismiss FCPA and obstruction counts against co-defendants denied without prejudice.1 2 3 4
Securities and Exchange Commission v. Gautam Adani and Sagar Adani
Final
- Court
- U.S. District Court, Eastern District of New York
- Case number
- 1:24-cv-08080-NGG-JRC
- Filed
- 20 Nov 2024
- Parties
- SEC v. Gautam Adani, Sagar Adani
What was claimed
Civil allegations of violating antifraud provisions (Securities Act s.17(a); Exchange Act s.10(b), Rule 10b-5) in connection with Adani Green's September 2021 $750 million note offering.
What the court decided
Consent final judgment entered 10 Aug 2026: permanent injunction and $6 million civil penalty against Gautam Adani (Sagar Adani: $12 million); allegations not admitted.5 6 7 8
Vishal Tiwari v. Union of India and connected matters
Final
- Court
- Supreme Court of India
- Case number
- W.P.(C) No. 162/2023
- Filed
- 2023
- Parties
- Petitioners including Vishal Tiwari v. Union of India, SEBI and others
What was claimed
Petitions seeking court-monitored, SIT or CBI investigation of Hindenburg Research's allegations against the Adani Group.
What the court decided
3 Jan 2024: three-judge bench (CJI Chandrachud, Pardiwala and Misra JJ.) refused to transfer the probe from SEBI, and directed SEBI to complete the remaining 2 of 24 investigations within three months; review petition dismissed 15 Jul 2024; appeal against Registrar's order dismissed 27 Jan 2025.9 10 11