By Sandeep Pandey* U.S. federal prosecutors withdrew a criminal case involving allegations that Gautam Adani had bribed officials in India to secure solar energy projects, stating that they lacked sufficient evidence. Gautam Adani and his nephew Sagar Adani also settled a civil fraud case with the Securities and Exchange Commission by paying a fine of around ₹180 crore without admitting wrongdoing. In addition, Adani Enterprises reportedly deposited around ₹2,750 crore into the U.S. Treasury to resolve allegations that it had violated U.S. sanctions on Iran through purchases of Iranian liquefied petroleum gas (LPG).
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