Gautam Adani, Chairman of the Adani Group, expressed his gratitude on Tuesday, thanking both his parents and the Almighty for their support. He acknowledged the faith that people have shown in him during difficult times.
Earlier, a court in the US dismissed all criminal charges against him and others in a case related to securities and wire fraud.
Separately, the court finalised a settlement between the Adanis and the US Securities and Exchange Commission (SEC), which will see the former pay the US government $18 million and formally settle the civil securities fraud charges against them.
“Taking the blessings from God and his parents, Gautam Adani thanked all those who stood by him even during tough times and kept their faith in him,” the Adani Group said in an X post. “Throughout this challenging period, our faith in truth, fairness and the rule of law remained unwavering,” the Adani Group Chairman said in a post on X. “My deepest gratitude to those who never lost faith in us, in the system and in India’s capacity for justice,” said Gautam Adani. Last month, the US Department of Justice told a federal court that investors suffered no financial losses in the securities at the centre of the case against billionaire industrialist Gautam Adani, arguing that the absence of investor losses further undermined the government’s own prosecution and reinforced its decision to seek dismissal of all criminal charges.
