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The Economic Times

US court scraps fraud case against Gautam Adani and nephew Sagar

Gautam Adani United States Nicholas Garaufis

Gautam Adani won dismissal of US securities fraud charges on Monday after district judge Nicholas Garaufis in Brooklyn, New York, dismissed conspiracy, securities and wire fraud charges against Adani and his nephew Sagar.

The US alleged Adani was part of a scheme to pay more than $250 million in bribes to Indian government officials to lock in solar energy contracts - allegations Adani has consistently denied. Garaufis said the charges against the Adanis would be dismissed "with prejudice," meaning the government cannot revive the case.

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