U.S. judge dismisses Gautam Adani criminal case after DOJ drops charges

A U.S. judge dismissed the criminal case against Gautam Adani after the Justice Department abandoned the prosecution, while sharply questioning how the department justified its request. U.S. District Judge Nicholas Garaufis said Principal Associate Deputy Attorney General Trent McCotter failed to establish facts for many of the reasons he gave for seeking dismissal, but said he believed Adani's promise to invest $10 billion in the U.S. was not a factor in the decision. Prosecutors had indicted Adani and seven other executives in November 2024 on conspiracy to commit securities and wire fraud and substantive securities fraud, alleging more than $250 million in bribes to Indian officials tied to solar energy contracts and misleading statements to U.S. investors. The ruling ended the U.S. criminal case against Adani and his nephew even as it left scrutiny on the Justice Department's handling of the matter. Separately, flight-tracking platform FlightAware sued prediction-market company Kalshi in the U.S. District Court for the Southern District of New York, alleging Kalshi used FlightAware data without permission to run markets on flight cancellations despite demands to stop.

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