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    <title>Aaj TV English News - Business &amp; Economy</title>
    <link>https://english.aaj.tv/</link>
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    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Tue, 11 Aug 2026 12:33:53 +0500</pubDate>
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    <ttl>60</ttl>
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      <title>US judge dismisses criminal case against Indian billionaire Adani</title>
      <link>https://english.aaj.tv/news/330467352/us-judge-dismisses-criminal-case-against-indian-billionaire-adani</link>
      <description>&lt;p&gt;&lt;strong&gt;A US judge on Monday ​dismissed criminal charges against Indian billionaire Gautam Adani, but said the Justice Department’s decision &lt;a rel="noopener noreferrer" target="_blank" class="link--external" href="https://www.reuters.com/legal/government/us-set-drop-criminal-fraud-case-against-indias-gautam-adani-sources-say-deal-2026-05-15/"&gt;to abandon&lt;/a&gt; the fraud and bribery case was concerning.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Brooklyn-based US ‌District Judge Nicholas Garaufis’ decision to grant federal prosecutors’ rare bid to toss the case came after he &lt;a rel="noopener noreferrer" target="_blank" class="link--external" href="https://www.reuters.com/world/us-judge-wont-immediately-dismiss-criminal-charges-against-indias-adani-2026-06-26/"&gt;inquired&lt;/a&gt; into their reasons for doing so, including whether Adani’s November 2024 promise to invest $10 billion in the United States was a factor in the decision to drop the charges.&lt;/p&gt;
&lt;p&gt;The Justice Department’s decision marked the latest instance in which federal prosecutors had sought to drop a high-profile white-collar criminal ​prosecution during Republican President &lt;a rel="noopener noreferrer" target="_blank" class="link--external" href="https://www.reuters.com/world/us/donald-trump/"&gt;Donald Trump&lt;/a&gt;’s second term in the White House.&lt;/p&gt;
&lt;p&gt;In dismissing the charges against Adani, Garaufis said he was satisfied that the investment pledge ​did not factor into the Justice Department’s decision, and acknowledged that judges’ role in reviewing federal prosecutors’ decisions to drop charges was ⁠limited.&lt;/p&gt;
&lt;p&gt;But he criticised Principal Associate Deputy Attorney General Trent McCotter for collaborating with Adani’s defense lawyers in deciding to dismiss the charges without input from the prosecutors or ​agents who investigated the case.&lt;/p&gt;
&lt;p&gt;“The irregularities in the decision to dismiss the indictment are concerning,” Garaufis wrote.&lt;/p&gt;
&lt;p&gt;“McCotter appears to have eschewed the professional opinions of innumerable officials from various ​federal offices and replaced them with his singular judgment.”&lt;/p&gt;
&lt;p&gt;A Justice Department spokesperson pointed to a July 4 filing in which McCotter said he decided to drop the charges after meeting with defense lawyers and other Justice Department lawyers and conducting his own research and analysis.&lt;/p&gt;
&lt;p&gt;In a statement posted on X, Gautam Adani said, “I welcome the US Court’s decision with humility and deep respect for the ​judicial process.”&lt;/p&gt;
&lt;p&gt;The judge wrote that his dismissal of the case should not be interpreted as his agreement with the Justice Department’s decision to drop the charges or an ​opinion about the merits of the case.&lt;/p&gt;
&lt;p&gt;He asked the Justice Department to submit more information to help him decide whether to dismiss charges against additional defendants.&lt;/p&gt;
&lt;h3&gt;&lt;a id="justice-department-says-case-is-primarily-foreign" href="#justice-department-says-case-is-primarily-foreign" class="heading-permalink" aria-hidden="true" title="Permalink"&gt;&lt;/a&gt;&lt;strong&gt;Justice department says case is primarily foreign&lt;/strong&gt;&lt;/h3&gt;
&lt;p&gt;Adani was ⁠charged in 2024 with agreeing to bribe Indian government officials so a subsidiary of his Adani Group could win approval to develop a solar energy plant, then misleading US investors by providing reassuring information about his company’s anti-corruption practices.&lt;/p&gt;
&lt;p&gt;Adani Group has consistently denied wrongdoing.&lt;/p&gt;
&lt;p&gt;Adani himself has not appeared in US court to respond to the charges.&lt;/p&gt;
&lt;p&gt;In the July 4 court filing, McCotter said the case was primarily foreign, hard to prove and inconsistent with the agency’s current priorities.&lt;/p&gt;
&lt;p&gt;In a separate resolution to civil charges brought ​by the US Securities and Exchange Commission, ​Gautam Adani agreed to pay $6 million and ⁠his nephew, Sagar Adani, agreed to pay $12 million.&lt;/p&gt;
&lt;p&gt;Adani Enterprises Limited has separately agreed to pay $275 million to the U.S. Treasury Department to settle alleged violations of Iran sanctions.&lt;/p&gt;
&lt;h3&gt;&lt;a id="judge-says-it-is-up-to-the-public" href="#judge-says-it-is-up-to-the-public" class="heading-permalink" aria-hidden="true" title="Permalink"&gt;&lt;/a&gt;&lt;strong&gt;Judge says it is ‘up to the public’&lt;/strong&gt;&lt;/h3&gt;
&lt;p&gt;In the filing, McCotter also denied as false what he ​called media stories suggesting he sought to dismiss the case in part because of a promise by Adani to invest ​money in the United ⁠States.&lt;/p&gt;
&lt;p&gt;In a sworn declaration filed in court on July 15, Adani acknowledged having previously promised to invest $10 billion in the US and said his lawyers told the Justice Department in meetings that the pledge “might be part of a resolution of these matters.”&lt;/p&gt;
&lt;p&gt;Robert Giuffra, a lawyer for Adani, said in a July 15 court declaration that the defendants had told the ⁠Justice Department the ​Adani Group was “amenable” to following through on Adani’s investment pledge as part of a resolution to the ​case.&lt;/p&gt;
&lt;p&gt;Garaufis wrote that he took “no position on the ultimate propriety of Mr Giuffra’s repeat attempts to resolve this bribery case with monetary offers.”&lt;/p&gt;
&lt;p&gt;“It is up to the public to decide what effect offers of this ​kind have on the equal administration of justice and the rule of law,” the judge wrote.&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>A US judge on Monday ​dismissed criminal charges against Indian billionaire Gautam Adani, but said the Justice Department’s decision <a rel="noopener noreferrer" target="_blank" class="link--external" href="https://www.reuters.com/legal/government/us-set-drop-criminal-fraud-case-against-indias-gautam-adani-sources-say-deal-2026-05-15/">to abandon</a> the fraud and bribery case was concerning.</strong></p>
<p>Brooklyn-based US ‌District Judge Nicholas Garaufis’ decision to grant federal prosecutors’ rare bid to toss the case came after he <a rel="noopener noreferrer" target="_blank" class="link--external" href="https://www.reuters.com/world/us-judge-wont-immediately-dismiss-criminal-charges-against-indias-adani-2026-06-26/">inquired</a> into their reasons for doing so, including whether Adani’s November 2024 promise to invest $10 billion in the United States was a factor in the decision to drop the charges.</p>
<p>The Justice Department’s decision marked the latest instance in which federal prosecutors had sought to drop a high-profile white-collar criminal ​prosecution during Republican President <a rel="noopener noreferrer" target="_blank" class="link--external" href="https://www.reuters.com/world/us/donald-trump/">Donald Trump</a>’s second term in the White House.</p>
<p>In dismissing the charges against Adani, Garaufis said he was satisfied that the investment pledge ​did not factor into the Justice Department’s decision, and acknowledged that judges’ role in reviewing federal prosecutors’ decisions to drop charges was ⁠limited.</p>
<p>But he criticised Principal Associate Deputy Attorney General Trent McCotter for collaborating with Adani’s defense lawyers in deciding to dismiss the charges without input from the prosecutors or ​agents who investigated the case.</p>
<p>“The irregularities in the decision to dismiss the indictment are concerning,” Garaufis wrote.</p>
<p>“McCotter appears to have eschewed the professional opinions of innumerable officials from various ​federal offices and replaced them with his singular judgment.”</p>
<p>A Justice Department spokesperson pointed to a July 4 filing in which McCotter said he decided to drop the charges after meeting with defense lawyers and other Justice Department lawyers and conducting his own research and analysis.</p>
<p>In a statement posted on X, Gautam Adani said, “I welcome the US Court’s decision with humility and deep respect for the ​judicial process.”</p>
<p>The judge wrote that his dismissal of the case should not be interpreted as his agreement with the Justice Department’s decision to drop the charges or an ​opinion about the merits of the case.</p>
<p>He asked the Justice Department to submit more information to help him decide whether to dismiss charges against additional defendants.</p>
<h3><a id="justice-department-says-case-is-primarily-foreign" href="#justice-department-says-case-is-primarily-foreign" class="heading-permalink" aria-hidden="true" title="Permalink"></a><strong>Justice department says case is primarily foreign</strong></h3>
<p>Adani was ⁠charged in 2024 with agreeing to bribe Indian government officials so a subsidiary of his Adani Group could win approval to develop a solar energy plant, then misleading US investors by providing reassuring information about his company’s anti-corruption practices.</p>
<p>Adani Group has consistently denied wrongdoing.</p>
<p>Adani himself has not appeared in US court to respond to the charges.</p>
<p>In the July 4 court filing, McCotter said the case was primarily foreign, hard to prove and inconsistent with the agency’s current priorities.</p>
<p>In a separate resolution to civil charges brought ​by the US Securities and Exchange Commission, ​Gautam Adani agreed to pay $6 million and ⁠his nephew, Sagar Adani, agreed to pay $12 million.</p>
<p>Adani Enterprises Limited has separately agreed to pay $275 million to the U.S. Treasury Department to settle alleged violations of Iran sanctions.</p>
<h3><a id="judge-says-it-is-up-to-the-public" href="#judge-says-it-is-up-to-the-public" class="heading-permalink" aria-hidden="true" title="Permalink"></a><strong>Judge says it is ‘up to the public’</strong></h3>
<p>In the filing, McCotter also denied as false what he ​called media stories suggesting he sought to dismiss the case in part because of a promise by Adani to invest ​money in the United ⁠States.</p>
<p>In a sworn declaration filed in court on July 15, Adani acknowledged having previously promised to invest $10 billion in the US and said his lawyers told the Justice Department in meetings that the pledge “might be part of a resolution of these matters.”</p>
<p>Robert Giuffra, a lawyer for Adani, said in a July 15 court declaration that the defendants had told the ⁠Justice Department the ​Adani Group was “amenable” to following through on Adani’s investment pledge as part of a resolution to the ​case.</p>
<p>Garaufis wrote that he took “no position on the ultimate propriety of Mr Giuffra’s repeat attempts to resolve this bribery case with monetary offers.”</p>
<p>“It is up to the public to decide what effect offers of this ​kind have on the equal administration of justice and the rule of law,” the judge wrote.</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330467352</guid>
      <pubDate>Tue, 11 Aug 2026 11:07:47 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India. -- Reuters</media:title>
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