Washington, May 15 (V7N) – The United States is moving toward dropping a criminal case against Indian billionaire and Adani Group chairman Gautam Adani, according to a report by Reuters.
The report said a fraud-related case against Adani was also settled on Thursday (May 14), while he pledged to invest US$10 billion in the American economy.
Last month, Adani’s lawyers argued in court that the ongoing legal proceedings were preventing him from making investments in the United States. However, it remains unclear whether the investment commitment is directly linked to the possible withdrawal of the charges.
In 2024, US authorities filed a case against Adani on five charges, including bribery and fraud. The then US Department of Justice alleged that the Adani Group had carried out a “comprehensive” bribery scheme that defrauded American investors.
Meanwhile, Adani has appointed a new legal team to handle the case. The team is being led by Robert J. Giuffre Jr., one of US President Donald Trump’s personal lawyers and co-chairman of the law firm Sullivan & Cromwell.
According to the report, Giuffre led a meeting at the US Justice Department headquarters in Washington last month, where around 100 slides were presented claiming that the evidence against Adani was insufficient and that there were legal questions regarding US jurisdiction in the case.
One proposal presented during the meeting reportedly stated that if the charges against Adani were dropped, he would invest US$10 billion in the United States and create around 15,000 jobs.
The report added that the US Department of the Treasury may announce its position on the matter within the next few days.
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