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US judge cites 'concerning' irregularities in Adani fraud case

https://www.ft.com/content/5010fd54-5982-47c7-801a-e0a354a71c31
3•petethomas•1h ago

Comments

Terr_•24m ago
Due to paywall, went to BBC [0], pasting some excerpts together:

> In [November] 2024, Adani was accused of allegedly paying bribes to Indian officials for high-profile renewable energy projects and misleading US investors about it. Adani and his companies have consistently denied wrongdoing. [...]

> In May [2026], the Justice Department asked for the charges to be dismissed, arguing that much of the alleged conduct had taken place outside the US, making the case difficult to prosecute, and that pursuing it no longer aligned with the department's priorities.

> The request came after Adani hired a new legal team led by Robert J Giuffra Jr, co-chair of the US law firm Sullivan & Cromwell and a personal lawyer to President Donald Trump.

> [The judge] also questioned whether Adani's pledge to invest $10bn (£7.5bn) in the US and create 15,000 jobs had played a role in the decision. Adani had announced the investment in November 2024, in a post congratulating Donald Trump on his election victory. There were later reports that Adani's lawyers had raised the investment during discussions with the Justice Department about the case.

I don't see why the judge, with his concerns, dismissed it "with prejudice." In US law means the lawsuit [0] can't be brought up again.

[0] https://www.bbc.com/news/articles/clyqxknpp26o

[1] https://www.justice.gov/usao-edny/pr/billionaire-chairman-co...

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US judge cites 'concerning' irregularities in Adani fraud case

https://www.ft.com/content/5010fd54-5982-47c7-801a-e0a354a71c31
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