Gautam Adani says no promise or deal behind move to dismiss US case
- Posted on July 15, 2026
- By Financial Express
- 1 Views
- 1 min read
In brief
Gautam Adani addresses the US Department of Justice's motion to dismiss bribery charges filed against him and associates in 2024. The case centers on allegations of a $250 million corruption scheme involving Indian officials and power contracts, along with claims of investor fraud in US capital markets. Adani maintains there are no undisclosed agreements influencing the legal proceedings, asserting his position amid ongoing scrutiny of the conglomerate's international operations and governance practices.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Gautam Adani says no promise or deal behind move to dismiss US case
The Justice Department had sought to dismiss charges brought in 2024 under the Biden administration, which accused Adani and seven others of involvement in an alleged scheme to pay about $250 million in bribes to Indian officials to secure power supply contracts, while misleading investors during fundraising in US markets.
