Gautam Adani welcomes big legal relief by US court: 'Deep respect for judiciary'

Reacting to the legal relief, Gautam Adani took to the social media platform X and welcomed the judgement.

Published on: Aug 11, 2026, 07:09:46 IST

By HT News Desk

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A court in the United States on Monday dropped all criminal charges against billionaire and businessman Gautam Adani, his nephew Sagar Adani and their associate Vneet Jaain.

In its judgement, Judge Nicholas Garaufis of the District Court for the Eastern District of New York dismissed criminal charges against the Adanis related to securities and wire fraud with prejudice.

The district court also finalised a settlement between the Adanis and the US Securities and Exchange Commission, which will see the Adanis pay the US government $18 million without admitting guilt and formally settle the civil securities fraud charges against them.

Reacting to the legal relief, Gautam Adani took to the social media platform X and welcomed the judgement.

"I welcome the US court’s decision with humility and deep respect for the judicial process. Throughout this challenging period, our faith in truth, fairness and the rule of law remained unwavering," Adani wrote on X.

"My deepest gratitude to those who never lost faith in us, in the system and in India’s capacity for justice," he wrote, adding that the Adani name will work towards "building for our nation."

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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