Adani, Nephew Seek Dismissal of US Bribery Charges

Representatives for Indian billionaire Gautam Adani have met with officials from former President Donald Trump’s administration, seeking dismissal of U.S. criminal charges related to alleged foreign bribery and investor misrepresentation. In November, U.S. authorities indicted both Gautam Adani and his nephew Sagar Adani, claiming they paid bribes to secure Indian power contracts and misled investors during a $750 million Adani Green Energy bond offering. The discussions, which started earlier this year and have intensified, argue that prosecution is inconsistent with Trump administration priorities. Adani Green’s internal review reported no evidence of non-compliance or irregularities. Both the Adani Group and U.S. authorities have declined to comment on the matter. The charges have resulted in a loss of about $13 billion in market value for Adani Group's listed companies.