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.)
