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news Scmp World 2026-05-18

US Prosecutors Drop Fraud Charges Against Billionaire Gautam Adani

U.S. prosecutors have requested the dismissal of criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, who was accused of deceiving investors in a solar project. The charges related to alleged bribery and fraud.


US prosecutors asked a judge on Monday to dismiss criminal fraud and conspiracy charges against Indian billionaire Gautaum Adani, who had been accused of duping investors in a major solar project in India. Adani, one of the world’s richest people, was accused in 2024 of paying massive bribes to ensure the project’s success. He was charged with conspiracy, securities fraud and wire fraud charges in connection with a lucrative arrangement for Adani Green Energy and another firm to sell 12...

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