Gautam Adani: U.S. prosecutors drop fraud charges against billionaire Indian businessman

The Justice Department said it would drop its criminal fraud charges against billionaire Indian businessman Gautam Adani, a significant reversal in a high-profile case.

The Justice Department said Monday that it would drop its criminal fraud charges against billionaire Indian businessman Gautam Adani, a significant reversal in a high-profile case.

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The Trump administration asked a federal judge to permanently throw out the indictment brought in 2024 by the U.S. Attorney’s Office in Brooklyn, New York, saying it had “reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these criminal charges against individual defendants,” according to the court filing.

The request was signed by Trent McCotter, principal associate deputy attorney general, as well as Brooklyn U.S. Attorney Joseph Nocella. It did not include signatures from line prosecutors assigned to the case.