DOJ Expected to Drop Fraud Charges Against Indian Billionaire Gautam Adani Amid Legal Settlement
The U.S. Department of Justice is reportedly preparing to dismiss fraud and bribery charges against Indian billionaire Gautam Adani. This decision follows a defense campaign led by one of President Trump's personal attorneys. The charges, initially filed during the Biden administration, accused Adani and his associates of bribing Indian officials to secure energy contracts and misleading U.S. investors. The U.S. Securities and Exchange Commission (SEC) has also reached an $18 million settlement in a parallel civil lawsuit. Adani's legal team, led by Robert J. Giuffra Jr., argued that the case would not hold up in court. The settlement includes financial penalties for Adani and his nephew, without admission of wrongdoing. The Justice Department's move to drop the case is seen as part of a broader retreat from foreign bribery prosecutions under the Trump administration. 
