The Trump administration has moved to dismiss criminal fraud charges against Indian billionaire Gautam Adani. At the same time, one of his companies has settled a separate case linked to alleged Iran sanctions violations, according to court records released on Monday.

The development came shortly after Adani’s attorney, who also serves as a personal lawyer to U.S. President Donald Trump, reportedly informed officials that the businessman planned to invest $10 billion in the United States. However, the attorney said those investments could not move forward while the legal cases remained active. The information was shared by a source familiar with the matter.

The decision marks another major reversal by Trump’s Justice Department in a case that had originally been initiated during the administration of former U.S. President Joe Biden. In recent months, the department has withdrawn or softened several high-profile cases launched under the previous administration.

Gautam Adani, founder and chairman of the Adani Group, is considered one of the wealthiest individuals in the world. According to Forbes, his net worth is estimated at $82 billion.

The criminal case against Adani accused him of being involved in a scheme to pay $265 million in bribes to Indian government officials. Prosecutors alleged that the payments were made to secure approvals for what was described as India’s largest solar power project. Investigators further claimed that Adani and others connected to the case raised more than $3 billion from lenders and investors while concealing the alleged corruption.

The Adani Group has consistently denied all allegations of wrongdoing. The company has maintained that its business operations follow legal and regulatory standards.

Alongside the dismissal of the fraud case, another legal issue involving the group was also resolved. Earlier on Monday, the U.S. Treasury Department announced that Adani Enterprises had agreed to pay $275 million to settle allegations related to sanctions violations.

According to U.S. authorities, the company had purchased shipments of liquefied petroleum gas from a Dubai-based trader. The trader reportedly claimed the gas came from Oman and Iraq. However, investigators alleged that the shipments had actually originated from Iran, which is subject to U.S. sanctions.

The settlement closes a significant part of the legal scrutiny faced by the Adani business empire in the United States. The matter had drawn global attention because of the scale of the allegations and Adani’s international business presence.

In a separate but related development, the U.S. Securities and Exchange Commission had also filed a civil lawsuit against Adani over allegations linked to bribery of Indian officials. Court records released last week showed that the SEC has now reached a settlement in that case as well. However, the agreement still requires approval from the court before it becomes final.

The back-to-back legal resolutions are being viewed as a major relief for Gautam Adani and his companies. The outcome could also strengthen the group’s future investment plans in the United States, especially after the proposed $10 billion commitment mentioned during discussions with officials.