Indian businessman had faced conspiracy, securities fraud and wire fraud allegations
US drops fraud case against Indian tycoon Adani after ‘unusual’ offer
U.S. prosecutors are moving to drop charges against Indian billionaire Gautam Adani, one of the world's richest men.
Gautam Adani, one of the world’s richest people, denied allegations that his company won a massive solar project by bribing Indian officials and then lied to U.S. investors about it.
The move to drop the charges comes after the US Securities and Exchange Commission said it was settling a related lawsuit against Gautam Adani. | India News
The Justice Department said Monday it will no longer pursue charges alleging that he duped investors in a massive solar project in India.
Prosecutors said they would not “devote further resources” to the case against the Indian billionaire.
The US Justice Department is close to dropping criminal fraud charges against Mr Adani.
The DOJ is also close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S., according to sources.
In a significant relief for Gautam Adani, the US Justice Department has withdrawn criminal charges and closed the securities and wire fraud against the billionaire businessman,…
The US Department of Justice has dismissed all criminal charges against Gautam Adani and Sagar Adani, closing the New York fraud case with prejudice.
The Hindu's Morning Digest with the top news stories of the day on May 19, 2026
The U.S. Treasury Department settled a case against Adani Enterprises, involving the purchase of sanctioned Iranian energy between November 2023 and June 2025.
Gautam Adani, one of the world’s richest people, denied allegations that his company won a massive solar project by bribing Indian officials and then lied to U.S. investors about…
Adani Group stocks rose up to 3% after US Department of Justice dropped all criminal charges against Indian billionaire Gautam Adani and his nephew Sagar Adani, concluding a…
A court will have to approve the request by the Trump administration.
The U.S. Department of Justice announced Monday that it will drop criminal fraud charges against billionaire Indian businessman Gautam Adani.