Source: BBC News [UK State Media]
“The US Department of Justice has dropped criminal fraud charges against Indian billionaire Gautam Adani and some officials of his firm, days after he agreed to settle a separate civil case. Adani Enterprises, his group’s flagship firm, also agreed to pay $275m (£205m) to the US Treasury to settle a separate investigation into alleged violations of sanctions on Iran. Sources told the BBC that the Adani Group has now resolved all three legal cases against it in the US. This will pave the way for Adani to travel to the US without risk of legal proceedings. Media reports say the dropped charges reflect a broader move away from prosecuting foreign bribery cases under Donald Trump’s administration. Adani, 63, is one of the world’s richest people, worth $82bn according to Forbes. His Adani Group is one of India’s largest business conglomerates with interests in sectors including energy, ports and airports.” (05/19/26)