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U.S. Set to Drop Charges Against Indian Billionaire Accused of Fraud

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Advertisement SKIP ADVERTISEMENT You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. The decision came after a meeting in which a lawyer for the billionaire, Gautam Adani, made an unusual offer, according to people familiar with the matter. Gautam Adani had been accused by federal prosecutors in Brooklyn of defrauding investors. Credit... M. Scott Brauer for The New York Times May 14, 2026 Updated 3:47 p.m. ET 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 U.S. 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.…

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