00:00A U.S. judge on Monday dismissed fraud and bribery charges against Indian billionaire Gautama Adani.
00:06District Judge Nicholas Garofis granted federal prosecutors rare bid to toss the case after inquiring into their reasons for doing
00:13so.
00:14He said he was satisfied that Adani's promise to invest $10 billion in the United States did not factor into
00:20the Justice Department's decision.
00:21But he criticized Principal Associate Deputy Attorney General Trent Bacotter for collaborating with defense lawyers without input from prosecutors or
00:30agents who investigated the case.
00:32Adani was charged in 2024 with agreeing to bribe Indian government officials so a subsidiary of his Adani group could
00:38win approval to develop a solar energy plant.
00:42He was also accused of misleading U.S. investors by providing reassuring information about his company's anti-corruption practices.
00:49Adani group has consistently denied wrongdoing.
00:52In a July 4th court ruling, Bacotter said the case was primarily foreign, hard to prove, and inconsistent with the
00:58agency's current priorities.
01:00In a statement posted on X, Adani said he welcomed the U.S. court's decision with humility and deep respect
01:06for the judicial process.
Comments