US judge dismisses Adani criminal case
A US judge has dismissed criminal charges against Indian billionaire Gautam Adani. However, the judge criticised the Justice Department’s decision to abandon the case. The ruling followed questions about the reasons behind the prosecution’s withdrawal. The case involved allegations of fraud and bribery linked to an Indian solar project. Read More: Judge pauses financial records request […]
A US judge has dismissed criminal charges against Indian billionaire Gautam Adani. The case involved allegations of fraud and bribery linked to an Indian solar project. Adani and seven others had been indicted in a New York federal court on charges related to an alleged bribery and fraud scheme.
The prosecutors had alleged that the defendants paid over $250 million in bribes to Indian government officials to secure solar energy supply contracts, misled US investors and banks to raise billions of dollars, and obstructed justice. According to KahawaTungu, Judge Nicholas Garaufis criticised the conduct of Trent McCotter, a senior Department of Justice official, saying he "eschewed the professional opinions of innumerable officials from various federal offices and replaced them with his singular judgment."
Adani welcomed the court's decision, saying he had "humility and deep respect for the judicial process" and that his faith in "the rule of law remained unwavering." The judge's 47-page ruling described McCotter's decision to drop the indictment as "highly unusual," made "largely in collaboration" with others. The Daily Times reported that the judge questioned the reasons behind the prosecution's withdrawal.
Brief written by urgent.news from Daily Times, KahawaTungu — 2 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
