Adani Group shares today: Adani Group shares rose on Tuesday, after the US Justice Department withdrew all criminal charges against billionaire Gautam Adani and his nephew Sagar Adani. Shares of several Adani group companies, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose up to 3.5% after the Securities and Exchange Board of India effectively closed the alleged fraud case in New York.The decision ended a 19-month-long period that had put pressure on the group’s expansion plans, complicated fundraising efforts and resulted in the loss of some contracts, an ET report said.Separately, the group settled with the US Treasury Department on civil charges related to sanctions violations through a $275 million payment, while not admitting any wrongdoing. The individuals named in the proceedings include Adani Group chairman Gautam Adani, Sagar Adani, Vineet Jain, Ranjit Gupta, Cyril Cabanes, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal.According to the company filing, Adani Enterprises agreed to resolve potential civil liabilities related to alleged violations of sanctions imposed by the Office of Foreign Assets Control (OFAC) with respect to Iran. The company clarified that the settlement should not be construed as an admission of guilt or misconduct and that it fully settles all associated liabilities.In a presentation before the court, the US Justice Department requested that the indictment against the Adanis be dismissed with prejudice.“The Department of Justice has reviewed this case and, in its prosecutorial discretion, has decided not to devote further resources to these criminal charges against the individual defendants,” the filing said. Subsequently, the court directed that the indictment against Gautam Adani and other accused be permanently dismissed.The move represents a significant turn in a case that had created uncertainty around Adani Group’s global expansion plans.In cases initiated by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) in late 2024, Adani was accused of allegedly being part of a $265 million bribery arrangement involving Indian officials to obtain solar power contracts. Prosecutors also claimed that the alleged arrangement was not disclosed to US investors and lenders when the group was in the process of raising funds.In a separate matter, Adani had earlier agreed to an $18 million settlement in a civil case involving corruption allegations involving government officials in the US. He faced charges of involvement in an estimated $250 million bribery scheme aimed at securing high-value solar energy supply deals.A report published by the New York Times last week said that Adani has hired a new legal team headed by Robert Jay. Giuffra Jr. is one of US President Donald Trump’s personal lawyers and co-chairman of the law firm Sullivan & Cromwell.The report further said that Adani’s legal team met officials at the US Justice Department headquarters last month and proposed that in exchange for dropping the charges, Adani would promise to invest $10 billion in the US and create about 15,000 jobs.According to the same report, Giuffra was also engaged in efforts to resolve a separate investigation being conducted by the US Treasury Department, as well as parallel civil proceedings initiated by the SEC.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management tips are their own. These opinions do not represent the views of The Times of India.)