Mumbai | Washington: The US Department of Justice said it abandoned the criminal charges against Indian billionaire Gautam Adani and seven others because of ‘legal and pragmatic’ reasons, including a possible diplomatic strife and that there were no losses, or evidence to continue with the case.
In a 10-page filing, the DoJ said, “given that there were no victims who suffered any losses, the resolution of (a) civil case made it even more obvious that there was no point in pursuing criminal securities charges for the same conduct. Even if the criminal case were to continue, no victim would stand to recover any restitution, because there were no losses to recover.’’
