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Withdrawn or dismissed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
- 2024-11-20
- Parties
- United States v. Gautam S. Adani, Sagar R. Adani, Vneet S. Jaain, Ranjit Gupta, Rupesh Agarwal, Cyril Cabanes, Saurabh Agarwal, Deepak Malhotra
Claims. 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.
Decision. 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
- 2024-11-20
- Parties
- SEC v. Gautam Adani, Sagar Adani
Claims. 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.
Decision. 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
Claims. Petitions seeking court-monitored, SIT or CBI investigation of Hindenburg Research's allegations against the Adani Group.
Decision. 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]
Sources
- Billionaire Chairman of Conglomerate and Seven Other Senior Business Executives IndictedU.S. Attorney's Office, E.D.N.Y., 2024-11-20, primary source
- US court permanently dismisses criminal case against Adanis; 'Truth has prevailed', says Gautam AdaniTelangana Today (PTI), 2026-08-11, secondary source
- US court permanently dismisses criminal case against Gautam Adani (PTI)ThePrint, 2026-08-11, secondary source
- US judge denies DOJ bid to drop bribery charges against Gautam Adani's co-defendantsThe Wire, 2026-09-05, secondary source
- SEC Press Release 2024-181 (charges against Gautam Adani, Sagar Adani and Cyril Cabanes)U.S. Securities and Exchange Commission, 2024-11-20, primary source
- Final Judgment as to Gautam Adani, SEC v. Gautam Adani and Sagar Adani, 1:24-cv-08080U.S. Securities and Exchange Commission / U.S. District Court E.D.N.Y., 2026-08-10, primary source
- US Securities Regulator Moves to Settle Adani Civil CaseOCCRP, 2026-05-15, secondary source
- Why Gautam Adani, nephew Sagar agreed to pay $18 million in US SEC settlement over fraud caseThe Week, 2026-05-15, secondary source
- Supreme Court Refuses SIT/CBI Probe In Adani-Hindenburg Case; Endorses SEBI InvestigationLiveLaw, 2024-01-03, secondary source
- SC dismisses review plea filed against its verdict on Adani-Hindenburg issueIANS, 2024-07-15, secondary source
- SC dismisses plea on Adani-Hindenburg controversyIANS, 2025-01-27, secondary source
Change history
- 2026-10-26 Record published.
Spotted an error? Request a correction with a source that shows the correct position.