Indian billionaire Gautam Adani is reportedly close to resolving a major criminal case in the United States after federal authorities indicated they may drop fraud and bribery-related charges filed against him in 2024.
The development was first reported by Bloomberg News and later detailed byThe New York TimesandForbes.
According to those reports, the US Department of Justice could formally dismiss the criminal case within days, although officials have not publicly confirmed a final decision.
Gautam Adani is the founder and chairman of the Adani Group, one of India's largest infrastructure and energy conglomerates. The group operates ports, airports, power plants, logistics businesses, renewable energy projects, and mining operations across India and abroad.
According to theBloomberg Billionaires Index, Adani's net worth recently exceeded $100 billion, placing him among the wealthiest individuals in the world. His companies have played a major role in India's infrastructure expansion over the past decade.
In November 2024, federal prosecutors in Brooklyn charged Adani, his nephew, and several associates with conspiracy to commit securities fraud and wire fraud. According to the indictment cited by Bloomberg,The New York Times, andForbes, prosecutors alleged the defendants participated in a bribery scheme involving solar energy contracts in India.
The US Department of Justice alleged that approximately $250 million to $265 million in bribes were offered to Indian officials in exchange for securing renewable energy deals. Prosecutors further alleged that the defendants concealed details of the alleged scheme while seeking funding from American and international investors.
The Adani Group denied the allegations after the indictment became public. According to Bloomberg, none of the defendants appeared in a US court because they were outside American jurisdiction when the charges were filed.
According toThe New York Times, Adani recently hired a new legal team led by Robert J. Giuffra Jr., co-chairman of Sullivan & Cromwell. The newspaper reported that Giuffra met senior Justice Department officials in Washington in April 2026 and argued prosecutors lacked sufficient evidence and jurisdiction to pursue the case.
The New York Timesalso reported that Adani's legal team indicated the businessman would be willing to invest $10 billion in the United States and create up to 15,000 jobs if the matter were resolved. The publication reported that prosecutors later said the investment proposal would not influence the criminal case.
Source: International Business Times UK
