US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case

May 15, 2026

The US Justice Department is close to dropping criminal fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the US economy, according to ‌two sources familiar with the matter.

Adani on Thursday also resolved a related civil fraud lawsuit brought by the Securities and Exchange Commission (SEC) over an alleged scheme to bribe Indian government officials, subject to court approval.

The possible dismissal of the criminal charges comes after Adani's lawyer, Robert Giuffra, who is also a personal attorney of US President Donald Trump, told Justice Department officials in a presentation last month that Adani could not make that investment while the case was proceeding, one of the sources said.

Adani had publicly promised to invest that amount and create 15,000 jobs in the US after Trump's victory in the 2024 election.