New York: A U.S. judge on Monday dismissed criminal charges against Indian billionaire Gautam Adani, after the Justice Department said it had decided to abandon the fraud and bribery case. Brooklyn-based U.S. District Judge Nicholas Garaufis' decision to grant federal prosecutors' rare bid to toss the case came after he inquired into their reasons for doing so, including by asking Adani whether anything was promised in exchange for the dropping of the case. In November 2024, before the charges were unsealed, Adani had promised to invest ten billion dollars in the United States.
Adani was charged in 2024 with agreeing to bribe Indian government officials so a subsidiary of his Adani Group could win approval to develop a solar energy plant, then misleading U.S. investors by providing reassuring information about his company's anti-corruption practices.
