A US judge dismisses criminal securities fraud charges against Indian billionaire Gautam Adani, ending a major US case tied to his business dealings. The dismissal follows a decision by federal prosecutors to abandon the case, with the judge granting prosecutors’ request to throw it out.
The outlets agree the judge is Brooklyn-based federal district judge Nicholas Garaufis and that the proceedings end after prosecutors sought the dismissal “rare” move. The Guardian adds context that the US Department of Justice tells the court it decides to drop the fraud and bribery matter, and the judge scrutinizes prosecutors’ reasons by seeking explanations and asking Adani directly whether any promise was made in exchange for the case being dropped. It also notes that, in November 2024, before the charges were unsealed, Adani had pledged to invest $10bn in the United States.
Bloomberg and other business-focused reports frame the outcome as a conclusion to a blockbuster dispute that had raised concerns about the future expansion of Adani Group in the United States.
