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* 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 plant, and then misleading U.S.
investors by providing reassuring information about his
company’s anti-corruption practices.
* In a letter to Brooklyn-based U.S. District Judge Nicholas
Garaufis, Adani’s lawyer, Robert Giuffra, wrote that the case
should be dismissed because it was beyond the reach of U.S. law
and because the prosecutors would not be able to prove the
alleged bribery in India.
* Adani Group has consistently denied wrongdoing.
* Garaufis must sign off on the dismissal of the case.
* Giuffra wrote that the Justice Department’s decision to
drop the indictment came after “months of detailed and extensive
communications and meetings with counsel” for Adani and his
co-defendants.
* Giuffra also urged Garaufis to formally dismiss civil
charges brought by the U.S. Securities and Exchange Commission
after the regulator reached a settlement in which Adani would
pay $6 million and his nephew, Sagar Adani, would pay $12
million.
* Adani Enterprises Limited has separately agreed
to pay the U.S. Treasury Department $275 million to settle
alleged violations of Iran sanctions.