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China Agrees to Buy US Oil - TrumpGE Aerospace CEO Visits NDRC in BeijingSamsung union strike threat: shares dropJapan May Face Food, Hot Spring Price Hikes - BOJBuffett-Curry lunch auction fetches $9M for charityAlphabet sells $3.6B yen bonds, record for foreign issuerIdeal Power Raises $30M in Stock OfferingLilac scent can cause serious health issuesJapan's Economy Grew in Q1, Driven by ExportsBerto Acquisition Corp. II prices $274M IPO at $10 per unitChina Agrees to Buy US Oil - TrumpGE Aerospace CEO Visits NDRC in BeijingSamsung union strike threat: shares dropJapan May Face Food, Hot Spring Price Hikes - BOJBuffett-Curry lunch auction fetches $9M for charityAlphabet sells $3.6B yen bonds, record for foreign issuerIdeal Power Raises $30M in Stock OfferingLilac scent can cause serious health issuesJapan's Economy Grew in Q1, Driven by ExportsBerto Acquisition Corp. II prices $274M IPO at $10 per unit
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STOCK MARKETS

US to drop criminal case against Gautam Adani

U.S. DOJ is close to dropping criminal fraud charges against Gautam Adani after he pledged $10 billion investment.

William Thomas
ByWilliam Thomas- Senior Editor
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US to drop criminal case against Gautam Adani
Photo: Prepared by Bond.az

The U.S. Justice Department is close to dropping criminal fraud charges against Indian billionaire Gautam Adani, who has promised to invest $10 billion in the U.S. economy, according to two sources.

Adani also resolved a related SEC civil fraud lawsuit, agreeing to pay $18 million in penalties without admitting wrongdoing.

The potential dismissal follows a presentation by Adani's lawyer, Robert Giuffra, who also represents President Donald Trump. Giuffra argued the case lacked jurisdiction and evidence.

Adani had publicly pledged the investment and 15,000 jobs after Trump's 2024 election victory. The Justice Department declined to comment.

Bloomberg first reported the story. This marks another instance of Trump's DOJ dropping a high-profile case initiated under Biden.

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