DOJ dropping fraud charges against billionaire Indian businessman Gautam Adani
The U.S. Department of Justice has requested the dismissal of fraud charges against Indian billionaire Gautam Adani, who was accused of defrauding investors in a solar project. Prosecutors determined that they would not pursue the case further, and the request is pending approval from a judge. Adani has consistently denied the allegations, which included claims of bribery and conspiracy.
- ▪U.S. prosecutors have asked a judge to dismiss criminal fraud and conspiracy charges against Gautam Adani.
- ▪Adani was accused of duping investors in a solar project and paying bribes to secure contracts.
- ▪The Department of Justice decided not to devote further resources to the case after reviewing it.
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Business DOJ dropping fraud charges against billionaire Indian businessman Gautam Adani By Associated Press Published May 18, 2026, 1:49 p.m. ET See more of our coverage in your search results. Add The New York Post on Google US prosecutors asked a judge Monday to dismiss criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, who had been accused of duping investors in a massive solar project in India. Adani, one of the world’s richest people, was accused in 2024 of paying massive bribes to ensure the project’s success. He was charged with conspiracy, securities fraud and wire fraud charges in connection with a lucrative arrangement for Adani Green Energy Ltd.
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