The Securities and Exchange Commission has settled its case with Gautam Adani as other US enforcement agencies plan to end actions against the Indian billionaire and his business conglomerate, which has pledged to invest billions of dollars in the US.
The settlement with the SEC is expected to be followed by moves from the Department of Justice and Office of Foreign Assets Control that could resolve Adani’s longstanding US legal headaches, several people familiar with the matter said.
It comes after Adani’s legal team privately mentioned to SEC and DoJ officials that the billionaire had pledged after Donald Trump’s 2024 election victory to invest $10bn in the US, according to a person with knowledge of the matter, who said the investment was not part of any deals with law enforcement bodies.