Gautam Adani tells a US federal judge that his proposed investment in the United States is not connected to the US Department of Justice’s decision to drop criminal charges against him. In sworn statements and through legal counsel, Adani denies any “deal” or secret agreement tying the matter to an investment plan. The sources say the dispute centers on speculation that Adani Group’s proposed $10 billion US investment influenced prosecutors’ actions after an indictment was unsealed.
The Hindu reports that Adani says the intention to invest $10 billion was publicly announced on November 13, 2024, before the indictment was unsealed, arguing against the idea of a retaliatory or negotiated arrangement. Financial Post similarly notes that Adani states his pledge did not play a role in prosecutors moving to drop charges.
Deccan Chronicle and NDTV add that counsel indicates the proposed investment could, in theory, be considered as part of a broader resolution if authorities choose to do so. Across reports, Adani’s position is that any proposed investment is separate from the DOJ decision to dismiss the criminal case.
