Adani Bribery Case Resolution Stalls Amid US-India Tensions

Gautam Adani's efforts to resolve $250 million bribery and fraud charges in the United States have stalled amid rising US-India diplomatic tensions. Negotiations between Adani's representatives and US officials, including the Trump administration, have faltered due to broader geopolitical disputes involving trade and India's alignment with Russia and China. Federal prosecutors are continuing their criminal case, while the SEC struggles to serve legal papers, relying on Indian authorities for assistance. This unresolved legal situation restricts Adani's ability to travel to the US and hampers financing and partnerships, resulting in suspended investments from TotalEnergies and halted projects like a $2.6 billion Kenyan infrastructure deal and a planned $10 billion US investment. The ongoing case also reflects the wider impact of strained US-India relations on major Indian business leaders, including Mukesh Ambani, whose company has faced US pressure related to Russian oil imports. Despite these challenges, Adani has sought to diversify partnerships internationally, including strategic ties with China's BYD Co.