Adani Solar Case: Most Counts Dismissed With Prejudice

A judge permanently dismissed with prejudice most counts against Gautam Adani, Sagar Adani, and Vneet Jaain, while Count One (FCPA) and Count Five (conspiracy to obstruct justice) remain for five non-appearing co-defendants; the dismissal was granted under Rule 48(a) and framed as prosecutorial discretion rather than a merits ruling. The court criticized irregularities in the government’s handling of the case, noting that a senior official consulted largely with defense counsel and with limited input from trial prosecutors. Adani welcomed the outcome, expressing humility and gratitude for the process. Separately, the court approved an $18 million civil settlement with the SEC tied to the same allegations. Market reaction was muted, with Adani-branded stocks slipping only slightly after the ruling. The Treasury sanctions-related penalties and other civil resolutions mentioned in prior reporting appear to be part of broader settlements tied to the case.