US judge drops bribery and fraud case against Indian billionaire Gautam Adani
Summary
A US judge dismissed criminal bribery and fraud charges against Indian billionaire Gautam Adani. The judge criticized the unusual way the case was dropped but confirmed the charges could not be brought back.Key Facts
- Gautam Adani was accused in 2024 of bribing Indian officials and misleading US investors.
- Adani and his companies denied any wrongdoing.
- US District Judge Nicholas Garaufis approved the Justice Department’s request to drop the charges.
- The judge criticized that a top official made the decision without consulting prosecutors and investigators.
- The Justice Department said the case was hard to prosecute because much alleged conduct happened outside the US.
- Adani hired a new legal team led by Robert Giuffra Jr., a personal lawyer to President Donald Trump.
- Adani promised to invest $10 billion in the US and create 15,000 jobs, but the judge said this did not influence the dismissal decision.
- The charges were dismissed with prejudice, so they cannot be filed again.
- Separate from this case, Adani and related companies settled other US regulatory penalties worth millions of dollars.
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