A US court has dismissed criminal charges against Adani Group chairman Gautam Adani and his nephew Sagar Adani with prejudice, bringing to an end nearly two years of proceedings in an alleged fraud and bribery case. US District Judge Nicholas Garaufis in Brooklyn, New York, on Monday dismissed conspiracy, securities and wire fraud charges against the pair. The SEC's separate civil action has also been resolved through the final judgment against Gautam Adani, under which he consented to the order without admitting the allegations and will pay a $6 million civil penalty to the SEC within 30 days. In his sworn declaration, Gautam Adani categorically denied the existence of any promise, offer, quid pro quo or undisclosed agreement relating to the DOJ's decision. In a social media post, Gautam Adani said that he welcomed the court's decision with humility and deep respect for the judicial process.