Tag: gautam adani

U.S. DoJ says Adani case should never have been brought, urges judge to drop charges permanently

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U.S. DoJ says Adani case should never have been brought, urges judge to drop charges permanently

The U.S. Department of Justice (DoJ) has forcefully defended its decision to abandon the criminal case against Indian billionaire Gautam Adani and seven others, telling a federal judge the prosecution was legally flawed, diplomatically counterproductive and inconsistent with the Trump administration’s enforcement priorities. In a sharply worded 10-page filing, the DOJ said the case “should…

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U.S. Judge won’t immediately dismiss criminal charges against Gautam Adani

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U.S. Judge won’t immediately dismiss criminal charges against Gautam Adani

Adani Group has consistently denied wrongdoing. File. | Photo Credit: Reuters A U.S. ‌judge on Friday (June 25, 2026) ordered the ​Justice Department ⁠to justify its decision to drop criminal charges against billionaire Gautam Adani, declining to rule ‌immediately on ‌Adani’s ⁠lawyers’ request earlier ⁠in the week to formally dismiss the case. Mr. Adani was…

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Gautam Adani’s lawyers urge U.S. Judge to dismiss criminal case

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Gautam Adani’s lawyers urge U.S. Judge to dismiss criminal case

Adani Enterprises Limited has ‌separately agreed to pay the U.S. Treasury Department $275 million to settle alleged violations of Iran ​sanctions. File. | Photo Credit: AP Lawyers for Gautam Adani on Wednesday (June 24, 2026) urged a U.S. judge to formally dismiss criminal charges against the billionaire, after the Justice Department said last month it…

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Adani Group to outsource non-core activities or move to GCCs: Gautam Adani

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Adani Group to outsource non-core activities or move to GCCs: Gautam Adani

The Adani Group is taking three foundational steps to build the organisation that will execute its vision over the next decade, including moving non-core activities to its Global Capacity Centres (GCCs) or third parties, said Chairman Gautam Adani while addressing shareholders at Adani Enterprises Ltd’s Annul General Meeting on Wednesday (June 24, 2026).  “Firstly, we are simplifying the…

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Adani group cos post record $16-billion capex, all-time high EBITDA of ₹94,834 cr in FY26

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Adani group cos post record -billion capex, all-time high EBITDA of ₹94,834 cr in FY26

Adani group companies reported a record capital expenditure of ₹1.53 lakh crore ($16.1 billion) and an all-time high EBITDA of ₹94,834 crore ($10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target. The investment programme — the largest annual capex undertaken by an Indian corporate…

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U.S. Justice Department drops all charges against Gautam Adani; case closed permanently

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U.S. Justice Department drops all charges against Gautam Adani; case closed permanently

The U.S. Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing the high-profile securities and wire fraud case in New York to a complete close after prosecutors concluded they could not sustain the allegations. With this, multiple U.S. regulatory and legal investigations involving the group…

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Gautam Adani, His Wife Offer ‘Chadar’ At Ajmer Sharif Dargah

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Gautam Adani, His Wife Offer ‘Chadar’ At Ajmer Sharif Dargah

Ajmer (Rajasthan): Adani Group Chairperson Gautam Adani, accompanied by his wife, Priti Adani, visited Ajmer Sharif Dargah in Rajasthan. They offered “makhmali chadar” and flowers at the revered shrine. The Adani family was welcomed by Dargah Ajmer Sharif and Chairman Chishty Foundation, Haji Syed Salman Chishty. “He (Gautam Adani) prayed for the whole country,” he…

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Six U.S. Congressmen write to new Attorney General against Adani’s indictment

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Six U.S. Congressmen write to new Attorney General against Adani’s indictment

As many as six U.S. Congressmen have written to the newly appointed Attorney General of the United States against “questionable” decisions made by the U.S. Department of Justice (DoJ) such as the indictment against the Adani Group in an alleged bribery scam, which “jeopardises the relationship with close ally India”. Lance Gooden, Pat Fallon, Mike…

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US Justice Department Move Against Gautam Adani A “Strategic Blunder”: Report

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US Justice Department Move Against Gautam Adani A “Strategic Blunder”: Report

New Delhi: The US Department of Justice’s (DoJ) indictment of billionaire Gautam Adani is a strategic blunder with severe geopolitical consequences, leading American publication Forbes has said. In an article titled “The US Harms The West’s Alliances With A Far-Flung Indictment In India”, the author, Melik Kaylan, argued that the indictment, which alleges bribery and…

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