Is Gautam Adani's 'offer' behind US DOJ moving to drop $265 million fraud charges against him? What we know so far
This is said to be a major win for the Adani Group chairman more than a year after US prosecutors alleged he had a role in the $265 million fraud and bribery case
This is said to be a major win for the Adani Group chairman more than a year after US prosecutors alleged he had a role in the $265 million fraud and bribery case
This is said to be a major win for the Adani Group chairman more than a year after US prosecutors alleged he had a role in the $265 million fraud and bribery case
This is said to be a major win for the Adani Group chairman more than a year after US prosecutors alleged he had a role in the $265 million fraud and bribery case
The US Department of Justice (DOJ) is all set to drop fraud charges against India's second richest man, Gautam Adani, in connection with an alleged $265 million fraud and bribery case.
This crucial decision came after a lawyer for the billionaire reportedly made an unusual offer to the DOJ in a meeting before the DOJ announced it would be dropping charges against him in a week's time.
Adani's counsel allegedly promised to invest heavily in US infrastructure and job creation in exchange for the case being dropped, as per a Forbes report.
This is said to be a major win for the Adani Group chairman, which comes more than a year after US prosecutors in New York accused him and other company officials of orchestrating a multibillion-dollar corruption network linked with India’s largest solar power project.
(More details are awaited.)