Reports claim the US Justice Department may drop charges against Gautam Adani amid discussions linked to a proposed $10 billion investment.
NEW YORK: A new report by various agencies has claimed that the United States Department of Justice is considering dropping criminal charges against Indian businessman Gautam Adani following discussions connected to a proposed $10 billion investment in the US.
The report said the possible reversal could end one of the most closely watched corporate fraud investigations involving an Indian business group in recent years.
According to the report, Gautam Adani recently appointed a new legal team led by Robert J Giuffra Jr., a prominent lawyer and co-chairman of Sullivan & Cromwell. Giuffra is also known for representing US President Donald Trump in previous legal matters.
The criminal case against Adani began after US prosecutors announced an indictment in November 2024. Authorities accused Gautam Adani, his nephew Sagar Adani and several associates of being involved in an alleged bribery scheme linked to payments worth around $265 million to Indian government officials.
The report stated that Giuffra met officials at the US Justice Department in Washington last month during efforts to challenge the case. According to the report, the legal team presented detailed arguments claiming prosecutors lacked sufficient evidence and legal jurisdiction to pursue the charges.
Neither the US Department of Justice nor the Adani Group has officially confirmed whether the case will be dropped. The report also did not indicate when a final decision may be announced.
The investigation attracted international attention because of the Adani Group’s growing global business interests across sectors including energy, ports, logistics and infrastructure.
If the charges are withdrawn, the move could have significant implications for the Indian conglomerate’s international reputation and ongoing investment plans, particularly in the United States.
The development has already sparked widespread discussion across business and financial circles as investors continue monitoring the future of the case closely.
-Agencies / New York Times
