US DOJ Moves to Drop Fraud and Bribery Charges Against Gautam Adani

The Trump administration is reportedly preparing to drop fraud and bribery charges against Indian billionaire Gautam Adani, who was indicted in 2024 for an alleged $250 million solar energy scam. This development follows Adani's recruitment of a new legal team led by Robert J. Giuffra Jr., a personal lawyer to President Donald Trump. According to reports, Adani proposed a deal during an April meeting with federal prosecutors, offering to invest $10 billion and create 15,000 jobs in exchange for dismissing the charges. While some Justice Department officials allegedly responded favorably, others claimed the offer would not influence the case outcome. In addition to the criminal charges, Adani faces a civil case from the Securities and Exchange Commission and a Treasury Department investigation, both of which are also reportedly nearing settlement. If the Department of Justice proceeds with dropping the case, Adani is still expected to face financial penalties. The final decision to dismiss the charges could be made in the coming days, although there remains a possibility that the deal could fall apart before then.