Rahul Gandhi Links PM Modi to Dismissed US Charges Against Gautam Adani

Congress leader Rahul Gandhi has criticized Prime Minister Narendra Modi following the dismissal of criminal charges against Adani Group Chairman Gautam Adani by a U.S. federal judge. Gandhi suggested that a "compromised PM" was compelled to "sell India's interest," asserting that the nation is facing significant repercussions.

What Happened

A U.S. federal judge in the Eastern District of New York permanently dismissed criminal charges against Gautam Adani and his nephew Sagar Adani. The judge approved the U.S. Justice Department's request to drop charges related to securities fraud conspiracy, wire fraud conspiracy, and securities fraud, with prejudice, meaning they cannot be refiled. The judge reserved judgment on charges concerning alleged violations of the Foreign Corrupt Practices Act and conspiracy to obstruct justice, involving several India-based co-defendants. The dismissal was stated as an exercise of prosecutorial discretion, not a determination of the allegations' merits, and no trial was held.

Background

The charges against the Adani group and its associates were unsealed in 2024, alleging a bribery scheme to secure solar energy contracts with Indian government entities and an effort to defraud investors by misrepresenting the company's anti-corruption practices. In addition to the Justice Department's criminal case, the U.S. Securities and Exchange Commission had filed civil charges. In May, the Justice Department indicated it would not pursue further action, citing jurisdictional and evidentiary challenges. The Adani Group has consistently denied the allegations.

Key Facts

• A U.S. federal judge in the Eastern District of New York dismissed criminal charges against Gautam Adani and Sagar Adani.
• The dismissal was approved at the request of the U.S. Justice Department.
• Charges dismissed with prejudice included securities fraud conspiracy, wire fraud conspiracy, and securities fraud.
• The judge reserved judgment on charges of Foreign Corrupt Practices Act violations and conspiracy to obstruct justice.
• Rahul Gandhi linked the dismissal to Prime Minister Narendra Modi, alleging compromised national interests.
• Gautam Adani welcomed the court's decision, expressing respect for the judicial process.
• The Adani Group has maintained its denial of the allegations.

What Happens Next

The Justice Department has until August 31 to satisfy the court's requirements regarding the remaining charges and co-defendants. Counsel for the non-appearing defendants must also confirm their clients' consent by the same date.