Efforts by billionaire Gautam Adani to resolve a high-profile bribery case in the United States have hit a roadblock, as diplomatic tensions between Washington and New Delhi complicate negotiations. The stalled talks prolong a regulatory overhang that continues to impact the Adani Group’s global expansion strategy.
The case, which became public in late 2024, involves a five-count indictment by U.S. federal prosecutors alleging that Adani and other defendants orchestrated a $250 million bribery scheme to secure solar power contracts in India. In parallel, the U.S. Securities and Exchange Commission (SEC) has filed a civil lawsuit, but has faced challenges in serving legal papers to Adani and his associates, relying on assistance from Indian authorities under the Hague Service Convention.
Sources familiar with the matter indicate that progress made earlier this year by Adani’s legal team—comprising high-profile U.S. attorneys—has faltered. The Trump administration has reportedly signaled that no settlement will be considered while bilateral tensions remain elevated. Key points of contention include trade disputes, India’s oil imports from Russia, and regional conflicts involving Pakistan.
The diplomatic strain has had tangible consequences. The U.S. recently imposed a 50% tariff on Indian goods, prompting India to waive its own 11% duty on American cotton imports—a move criticized by opposition leaders and farmer groups. Meanwhile, President Trump has nominated Sergio Gor as ambassador to India, though Senate confirmation is pending.
The unresolved legal proceedings have constrained Adani’s ability to travel to the U.S., limiting access to American lenders and delaying overseas deals. French energy giant TotalEnergies SE, a partner in Adani Total Gas Ltd., has publicly stated it will not make further financial contributions until the allegations are clarified.
Despite the legal cloud, the Adani Group has continued to raise capital from global lenders and pursue domestic acquisitions. However, the bribery probe remains a significant obstacle to restoring investor confidence and securing international partnerships.
Neither the Adani Group nor the White House has issued formal comments on the stalled negotiations. The U.S. Department of Justice and the SEC have also declined to elaborate beyond official filings.
