The US Justice Department on Monday moved to drop charges accusing Adani and associates of paying bribes to secure power supply contracts ​in India, while Adani Enterprises separately settled alleged Iran sanctions violations ​tied to liquefied petroleum gas imports.

Shares of the group’s flagship, ⁠Adani Enterprises, rose 1.67% in pre-open trade and extended gains to trade ​2.06% higher at 2,475.30 rupees.

In November last year, US prosecutors accused Gautam ​Adani and associates of agreeing to pay $265 million in bribes to Indian officials to secure approvals for solar power projects and misleading US investors about the group’s anti-corruption practices.

Separately, ​the US Treasury Department on Monday said Adani Enterprises had agreed to ​pay $275 million to resolve alleged sanctions violations tied to liquefied petroleum gas imports from Iran.

The ‌company ⁠has ceased LPG imports into India and created a compliance leadership role to ensure adherence to Treasury guidance.

The resolution of the US cases came after Adani’s attorney, who is also a personal attorney to US President Donald ​Trump, said last month ​that the group ⁠planned to invest $10 billion in the United States but could not proceed while the cases remained unresolved, according ​to a source familiar with the matter.

The ports-to-power conglomerate has ​faced governance-related ⁠concerns since short seller Hindenburg Research’s 2023 report alleged stock manipulation and improper use of offshore tax havens.

Adani Group has repeatedly denied wrongdoing.