U.S. prosecutors drop fraud charges against billionaire Indian businessman
U.S. prosecutors have decided to drop fraud charges against billionaire Indian businessman Gautam Adani, marking a significant change in a high-profile case. The Department of Justice stated it would not pursue the criminal charges after a review of the case. Adani, who has consistently denied the allegations, was never arrested or brought to trial in the U.S.
- ▪The Department of Justice announced it would drop criminal fraud charges against Gautam Adani.
- ▪Adani was accused of bribing Indian officials to secure a solar project and misleading investors.
- ▪The Trump administration requested the indictment be permanently thrown out, citing prosecutorial discretion.
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AsiaU.S. prosecutors drop fraud charges against billionaire Indian businessman Gautam Adani, one of the world’s richest people, denied allegations that his company won a massive solar project by bribing Indian officials and then lied to U.S. investors about it.Listen to this article with a free account00:0000:00Gautam Adani, chairman of Adani Group, last year. Indranil Aditya / Bloomberg via Getty ImagesShareAdd NBC News to GoogleMay 18, 2026, 10:52 PM EDT / Updated May 18, 2026, 10:53 PM EDTBy Chloe AtkinsThe Department of Justice said Monday that it would drop its criminal fraud charges against billionaire Indian businessman Gautam Adani, marking a significant reversal in a high-profile case.
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