US authorities plan to drop fraud charges against billionaire Gautam Adani soon. The move follows presentations by his new legal team offering major investments in the American economy.
US prosecutors are set to drop fraud charges against Gautam Adani as soon as this week. The charges were filed in 2024 and alleged that Adani and executives agreed to pay more than 250 million dollars in bribes to Indian officials for solar contracts.
The New York Times reported that lawyer Robert Giuffra met Justice Department officials in April. He presented an offer for Adani to invest 10 billion dollars in the US economy and create 15,000 jobs.
Adani Group has called the charges baseless. The company increased lobbying spending in Washington to 50,000 dollars in 2025 on green energy and related legal matters.
