Indian billionaire Gautam Adani has fraud and bribery charges dropped by US judge

Criminal fraud and bribery charges against Indian billionaire Gautam Adani were dismissed by a U.S. judge on Monday, following a decision by the Justice Department to drop the prosecution.Brooklyn-based U.S. District Judge Nicholas Garaufis granted the rare request by federal prosecutors after questioning the reasoning behind the move, which included directly asking Adani if any promises were made in return for tossing out the case.In November 2024, before the unsealing of the indictment, Adani committed to investing $10 billion in the United States.The charges brought in 2024 alleged that Adani agreed to bribe Indian government officials so a subsidiary of the Adani Group could secure approval to build a solar energy plant. Prosecutors contended that he subsequently misled U.S. investors