U.S. Set to Drop Charges Against Indian Billionaire Accused of Fraud; The New York Times, May 14, 2026

Nicole HongBen ProtessWilliam K. Rashbaum and Devlin Barrett, The New York Times ; U.S. Set to Drop Charges Against Indian Billionaire Accused of Fraud

"When the Justice Department indicted India’s richest man in the final weeks of the Biden administration, prosecutors described an “elaborate” bribery scheme involving “corruption and fraud at the expense of U.S. investors.”...

Another slide also offered the government a sweetener: If prosecutors dropped the charges, Mr. Adani would be willing to invest $10 billion in the American economy and create 15,000 jobs, echoing a pledge he made in the wake of Mr. Trump’s election.

While prosecutors later told Mr. Giuffra that the $10 billion investment would play no role in the resolution of the case, his offer received a favorable response from at least one senior Justice Department official at the meeting, according to the people familiar with the meeting."