Relief to Adani: US court permanently dismisses criminal case against him

A US federal judge has permanently dismissed criminal charges against Adani Group chairman Gautam Adani and his nephew Sagar, removing a major legal overhang for the ports-to-energy conglomerate. US District Judge Nicholas Garaufis approved the Justice Department’s request to dismiss the charges, which included allegations of securities-fraud conspiracy, wire-fraud conspiracy, and securities fraud.

The dismissals, with prejudice, mean the charges cannot be refiled. The judge reserved judgment on two other counts involving alleged foreign corrupt practices act violations and obstruction of justice, both involving non-appearing Indian defendants. The indictment, unsealed in November 2024, alleged three schemes between 2020 and 2024, involving bribes to Indian officials, misleading investors, and destroying evidence.

Adani Group denied the allegations and called the dismissal an exercise of prosecutorial discretion, not a verdict on the allegations.

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