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US set to drop ‘corruption’ and ‘fraud’ charges against Gautam Adani: Report
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US set to drop ‘corruption’ and ‘fraud’ charges against Gautam Adani: Report

The Indian Express·New York Times·18 days ago
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The Adani group has repeatedly dismissed the SEC’s allegations as baseless, adding that it will seek all possible legal recourse. (file photo) When the Justice Department indicted India’s richest man in the final weeks of the Biden administration, prosecutors described an “elaborate” bribery scheme involving “corruption and fraud at the expense of US investors.” Now, according to several people with knowledge of the case, the Justice Department is planning to drop the charges altogether. The reversal came after the Indian billionaire, Gautam Adani, hired a new legal team led by Robert J. Giuffra Jr., one of President Donald Trump ’s personal lawyers. Giuffra’s efforts on Adani’s behalf culminated in a previously unreported meeting last month at the Justice Department’s headquarters in Washington, according to people familiar with the meeting. Giuffra ticked through about 100 slides outlining why prosecutors lacked basic evidence, as well as the jurisdiction even to bring the case, one of the people said.…

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