- The US Department of Justice has moved to drop criminal charges against Indian billionaire Gautam Adani, who was accused of orchestrating a major bribery and fraud scheme.
- This decision reportedly follows Adani's commitment to invest $10 billion in the US and create 15,000 jobs.
- The original indictment, filed in 2024, alleged Adani engineered a $265 million bribery scheme to secure solar energy contracts in India and misled American investors during fundraising.
- The move to drop charges comes after Adani Group reached parallel resolutions with US financial regulators, including a $275 million settlement with the Treasury and civil penalties with the Securities and Exchange Commission.
- Adani's defense team, which includes a personal lawyer to President Trump, had argued against US jurisdiction, contending the alleged conduct occurred exclusively in India and that there were no investor losses.
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