Federal prosecutors in New York on November 21, 2024 indicted Adani Group Chairman Gautam S. Adani, his nephew Sagar Adani, and 6 others on a number of counts of fraud. File
| Picture Credit score: ANI
U.S. prosecutors are set to drop charges against billionaire Gautam Adani, who was accused of paying tons of of hundreds of thousands of {dollars} of bribes and hiding the funds, The New York Times reported Thursday (Could 14, 2026).
With a enterprise empire spanning coal, airports, cement and media, the chairman of Adani Group has been rocked in recent times by company fraud allegations and a inventory crash.
A detailed acolyte of Prime Minister Narendra Modi, he was alleged in November 2024 to have agreed to pay greater than $250 million in bribes to Indian officers for profitable photo voltaic power provide contracts.
The Times mentioned the transfer to abandon the charges, introduced underneath U.S. president Joe Biden’s administration, got here after Adani employed new attorneys led by Robert Giuffra, one in all President Donald Trump’s private attorneys.
The Times reported that at a gathering between defence and prosecution on the Division of Justice in April, Giuffra offered slides, together with one which mentioned that if prosecutors dropped the charges, Mr. Adani could be keen to make investments $10 billion within the American financial system and create 15,000 jobs.
Prosecutors beforehand detailed how one in all Mr. Adani’s alleged accomplices meticulously tracked funds, utilizing his cellphone to log the bribes provided to officers.
The Division of Justice didn’t reply to an AFP name for remark.
Printed – Could 14, 2026 10:42 pm IST
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