After U.S. SEC, Treasury and Justice departments offer billionaire Gautam Adani legal relief

Gautam Adani, chairman of Adani Group, visits the VIP jetty ghat during the Kumbh Mela festival in Prayagraj, Uttar Pradesh, India, on Jan. 21, 2025. Photographer: Indranil Aditya/Bloomberg via Bloomberg | Bloomberg | The legal woes of Indian billionaire Gautam Adani in the U.S. are nearing an end as authorities move to close investigations on charges of bribery, fraud, and buying Iranian-sanctioned energy against the businessman and his firm. On Monday, the U.S. Treasury Department settled a case against Adani Enterprises , the flagship company of the Adani Group, involving the purchase of sanctioned Iranian energy between November 2023 and June 2025. The Indian firm has agreed to pay $275 million to settle "its potential civil liability for apparent violations of OFAC [Office of Foreign Assets Control] sanctions on Iran," according to an official statement. The company had purchased shipments of liquefied petroleum gas, or LPG, from a Dubai-based trader that "purported to supply Omani and Iraqi gas" but overlooked red flags indicating that the supplies originated in Iran, the U.S. regulator said. It added that the settlement reflects "violations were egregious and not voluntarily self-disclosed." Adani Group did not immediately respond to CNBC's request for comments. The Adani group oversees a sprawling business empire spanning ports, power, and infrastructure, comprising several publicly traded companies, with the Adani family holding majority stakes in several firms. …