New Delhi, May 22: The ongoing SEC cases against the Adani Group in the United States have been dismissed. The US Justice Department has withdrawn criminal charges filed against Gautam Adani and Sagar Adani, requesting the dismissal of the charges. Meanwhile, individuals close to both current and former US administrations have welcomed this move, stating that assumptions were made without substantial evidence.
Democrat Ajay Jain Bhutoria, who previously served as an advisor in former President Joe Biden’s White House, remarked, “I cannot say whether this case was politically motivated or not, as it was a judicial matter brought before the court. However, the prosecutors were unable to prove their allegations and lacked sufficient evidence to continue the case.”
Adapa Prasad, President of the BJP USA, expressed appreciation for the decisions made by the US Justice Department, the Securities and Exchange Commission (SEC), and the Office of Foreign Assets Control (OFAC). He stated, “Today, we commend the decisions of the US Justice Department, SEC, and OFAC, which have withdrawn cases against Gautam Adani, Sagar Adani, and the Adani Group. The US prosecutors indicated that they lacked evidence, and the case was dismissed ‘with prejudice.’ This is noteworthy. Today is truly a day to celebrate and say ‘Satyamev Jayate.’”
Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum, emphasized the importance of the relationship between India and the US, both geopolitically and economically. He noted, “When there is a case against one of the fastest-growing Indian groups, the Adani Group, it is essential to settle it, as this allows the group access to international capital. The Justice Department’s removal of charges sends a very positive message that relationships are vital, and we need to move forward. Additionally, there was no evidence of bribery. Assumptions were made, and I believe that without real evidence, one cannot proceed based on assumptions.”
Khanderao Kand, Founding Director of the Foundation for India and Indian Diaspora Studies, stated that the strong economic ties between India and the US should now extend beyond investment to include deeper collaboration in research, mobility, and policy reforms. He said, “This is a good step. It will strengthen the US-India partnership, which needs to be continuously enhanced.”
Puneet Ahluwalia, a former advisor during Donald Trump’s first presidential campaign, remarked that the proposed investments by the Adani Group reflect the growing contributions of Indian businesses and professionals to the US economy. He stated, “I think this is a very positive step. President Trump, who has done an excellent job recalibrating the world order, is also looking for such brain trusts. Opportunities are being created for all successful Indian-origin CEOs and hardworking Americans, but having the Adani Group in the US helps us even more.”
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