US justice department drops criminal fraud case against billionaire Gautam Adani
The U.S. Justice Department has moved to dismiss criminal fraud charges against billionaire Gautam Adani. This decision follows a related settlement by the U.S. Securities and Exchange Commission. Adani, who faced accusations of bribery and fraud, was never arrested or brought to trial in the U.S.
- ▪U.S. prosecutors requested the dismissal of fraud and conspiracy charges against Gautam Adani.
- ▪Adani was accused of paying bribes to secure a lucrative solar project in India.
- ▪The charges were dropped after the SEC settled a related lawsuit against him.
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US justice department drops criminal fraud case against billionaire Gautam AdaniThe move to drop the charges comes after the US Securities and Exchange Commission said it was settling a related lawsuit against Gautam Adani.Published on: May 18, 2026 11:18 PM ISTAPShare viaCopy link U.S. 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.Gautam Adani, one of the world's richest people, was accused in 2024 of paying massive bribes to ensure the project's success. (Reuters)Adani, one of the world's richest people, was accused in 2024 of paying massive bribes to ensure the project's success.
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