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US DOJ may drop fraud charges against Gautam Adani this week, report says
A Reuters report says the U.S. Justice Department may announce that charges against Gautam Adani related to a bribery scheme to win solar power contracts will be dropped this week. Reuters could not immediately verify the report.
Why It Matters
If accurate, the development could conclude the U.S. fraud inquiry involving Adani and influence perceptions of overseas business dealings in the energy sector.
Timeline
3 Events
May 14, 2026: NY Times reports US to drop graft charges against Adani
May 14, 2026
The NY Times reports that the United States plans to drop graft charges against Gautam Adani. The article notes that the U.S. Department of Justice did not respond to AFP's request for comment.
November 2024: Allegations of large-bribe scheme involving Adani
November 2024
Gautam Adani, described as a close acolyte of Prime Minister Narendra Modi, was alleged to have agreed to pay more than $250 million in bribes to Indian officials for lucrative solar energy supply contracts.
DOJ may drop charges against Gautam Adani this week, report says
May 14, 2026
A Reuters report states that the U.S. Justice Department may announce that the charges against Gautam Adani will be dropped this week, citing unnamed sources. The article mentions a 'bribery scheme' to secure lucrative solar power contracts and notes that Reuters could not immediately verify the report.