DOJ Seeks to Drop US Criminal Charges Against Gautam Adani

Billionaire Gautam Adani

Photographer: Indranil Aditya/Bloomberg

The Justice Department sought to drop criminal charges against Indian billionaire Gautam Adani.

US prosecutors’ reversal on the high-profile case follows a move by the Securities and Exchange Commission to settle a civil fraud case with Adani. Both cases were brought at the end of the Biden administration.