Days After $10-Billion Investment Offer, US Administration Drops All Fraud Charges Against Businessman Gautam Adani
Washington DC, United States: The United States administration on May 18 directed US district court in the Eastern District of New York to dismiss all fraud charges against Indian businessman Adani Group chairperson Gautam Adani.
The prosecutors told Judge Nicholas Garaufis that the Department of Justice had decided, not to devote further resources to these criminal charges against individual defendants in its prosecutorial discretion.
The decision comes days after reports claimed that Adani had told the US Department of Justice that he would invest $10 billion in the American economy, helping to create 15,000 jobs if the charges against him were dropped.
The US authorities had indicted Adani and his nephew Sagar Adani in November 2024 for allegedly orchestrating a $265 million fraud scheme to bribe officials in India for solar energy contracts, and then misrepresenting the company’s anti-bribery practices to investors in the US.
Read Also: Epstein Files, Case Against Adani… US Pressure On PM Modi: Rahul Gandhi On Trade Deal
However, the Adani Group has denied the allegations.
