Indicted tycoon says $12.9b offer did not spur US to drop charges
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Gautam Adani had been facing federal criminal and civil cases in the United States, which accused him of fraud, bribery and corruption in Indian business deals.
PHOTO: REUTERS
Santul Nerkar and Nicole Hong
- Gautam Adani offered to invest US$10 billion in the US, but the Justice Department said this did not influence their decision to drop criminal charges against him.
- Adani faced allegations of bribery and fraud linked to Indian solar contracts, but the case was dismissed as it was deemed a "foreign case" beyond US jurisdiction.
- The dismissal caused controversy inside the Justice Department, with some officials accusing others of unethical behaviour and prosecutors withdrawing from the case.
AI generated
NEW YORK – India’s wealthiest man, Gautam Adani, acknowledged on July 15 that he had offered to invest US$10 billion (S$12.9 billion) in the United States as part of the resolution of his criminal case, but said it ultimately played no role in the Justice Department’s decision to abandon its prosecution against him.
His comments came in a legal filing ordered by a federal judge in Brooklyn, Nicholas G. Garaufis, who has raised concerns about the Justice Department’s request in May to dismiss the indictment.
