US planning to drop charges against Gautam Adani over ‘willingness’ to invest, create jobs: Report
US authorities plan to drop fraud charges against Indian billionaire Gautam Adani which were first unveiled in 2024, according to a Bloomberg report citing persons familiar with the matter. The legal charges against the Adani group represented a serious challenge to the firm’s ability to conduct business in the United States. (Adani Group) In a significant breakthrough for the Adani Group, the US Justice Department and the Securities and Exchange Commission (SEC) could resolve charges related to Gautam Adani as soon as this week, roughly 18 months after they accused the Indian magnate of involvement in a bribery and fraud scheme. Adani’s hiring of Robert Giuffra, one of US President Donald Trump’s personal lawyers, and an offer to invest $10 billion in the US economy played a key role in the US government’s decision, a report in the New York Times added. In 2024, the US Attorney’s office in New York’s Brooklyn released a criminal indictment which alleged that Gautam Adani, his nephew Sagar Adani and other executives were involved in a scheme to bribe …



