A U.S. federal court has entered a Gautam Adani SEC judgment, ordering the Indian businessman to pay a $6 million civil penalty to the U.S. Securities and Exchange Commission (SEC). The Final Judgment as to Gautam Adani was entered in the United States District Court for the Eastern District of New York on August 10, 2026.
Gautam Adani SEC Judgment Imposes Permanent Injunctions
The court order in SEC v. Gautam Adani and Sagar Adani, C.A. No. 24-cv-08080 (NGG) (JRC), permanently restrains and enjoins Gautam Adani from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5.
The judgment prohibits the defendant from using any device, scheme or artifice to defraud in connection with the purchase or sale of any security. It also prohibits making an untrue statement of a material fact, omitting a material fact necessary to prevent statements from being misleading, or engaging in any act, practice or course of business that operates as a fraud or deceit.
The court also permanently restrains and enjoins Gautam Adani from violating Section 17(a) of the Securities Act of 1933 in the offer or sale of securities. The order covers fraudulent conduct, obtaining money or property through materially untrue statements or omissions, and transactions or business practices that operate as a fraud or deceit upon purchasers.
Under the judgment, Gautam Adani must pay the $6 million civil penalty within 30 days after entry of the Final Judgment. The order states that payment may be transmitted electronically to the SEC, made through Pay.gov, or submitted by certified check, bank cashier’s check or United States postal money order.
The judgment further states that Gautam Adani relinquishes all legal and equitable right, title and interest in the funds paid, which will be sent by the SEC to the United States Treasury. The order also provides that any amounts due under the judgment are treated as debts arising from violations of federal securities laws and are not dischargeable in any bankruptcy proceeding.
The court will retain jurisdiction to enforce the terms of the Final Judgment. The document is signed by Nicholas G. Garaufis, United States District Judge, and is dated August 10, 2026.
