US drops fraud charges after billionaire Adani pledges $10bn investment
The US Department of Justice has dropped fraud charges against billionaire Gautam Adani after he pledged a $10 billion investment in the US. Adani was previously accused of bribing Indian officials and misleading US investors regarding a solar power project. The case dismissal follows a settlement with the US Treasury and SEC, although a judge's approval is still required.
- ▪The US DOJ dismissed criminal fraud charges against Gautam Adani after he pledged a $10 billion investment in the US.
- ▪Adani was accused of bribing Indian officials and misleading US investors to secure contracts for a solar energy project.
- ▪The case was originally brought under the Biden administration and involved allegations of raising over $3 billion through fraudulent means.
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Economy|CourtsUS drops fraud charges after billionaire Adani pledges $10bn investmentBusinessman Adani was accused on bribing Indian officials and misleading US investors to a secure solar power plant project in India.ListenListen (4 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoThe United States Department of Justice moved to dismiss the case against Gautam Adani amid settlements with the US Treasury and US Securities and Exchange Commission [File: Francis Mascarenhas/Reuters]By Al Jazeera Staff, AP and ReutersPublished On 18 May 202618 May 2026The administration of United States President Donald Trump has moved to dismiss criminal fraud charges against Indian billionaire Gautam Adani in a case where he is…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Al Jazeera English.
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