NEW DELHI, 19 May 2026 – Gautam Adani and his business empire appear to be nearing the end of a major legal overhang in the United States after prosecutors moved to drop criminal fraud charges while US regulators reached civil settlements tied to bribery and sanctions-related allegations.
US prosecutors have asked a judge to dismiss fraud and conspiracy charges against the Indian billionaire and other Adani-linked executives over allegations connected to a major solar power project in India. The charges, first brought in 2024, alleged that Adani and others were involved in a scheme to offer about US$265 million in bribes to Indian officials to secure solar contracts, while misleading US investors. Adani Group has denied wrongdoing and previously described the allegations as baseless.
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