• Latest
Adani Bribery Charges Could Be Dropped Under Trump Presidency

Adani Bribery Charges Could Be Dropped Under Trump Presidency

November 26, 2024
Paayal Rocks the Ripped Look

Paayal Rocks the Ripped Look

July 7, 2025
Vishnu Priya Strikes a Bold Note in Metallic Saree Look

Vishnu Priya Strikes a Bold Note in Metallic Saree Look

July 7, 2025
Anupama Stuns in Soft Pink Saree

Anupama Stuns in Soft Pink Saree

July 6, 2025
Bobbara Beans: A Daily Superfood for Health

Bobbara Beans: A Daily Superfood for Health

July 6, 2025
Pomegranate Power: A Superfruit for All Seasons

Pomegranate Power: A Superfruit for All Seasons

July 6, 2025
Ranveer Singh Drops Explosive First Look of ‘Dhurandhar’ on Birthday

Ranveer Singh Drops Explosive First Look of ‘Dhurandhar’ on Birthday

July 6, 2025
Congress Minister to BJP: “Write to Modi, Not Us”

Congress Minister to BJP: “Write to Modi, Not Us”

July 6, 2025
Telangana’s Reservation Row: Political Tug-of-War Intensifies

Telangana’s Reservation Row: Political Tug-of-War Intensifies

July 6, 2025
MLA Paritala Sunitha Offers Prayers at Tirumala With Son Sriram

MLA Paritala Sunitha Offers Prayers at Tirumala With Son Sriram

July 6, 2025
Indian Equities at Crossroads Ahead of Key Macro Events

Indian Equities at Crossroads Ahead of Key Macro Events

July 6, 2025
Bakasura Restaurant: A Feast of Fun

Bakasura Restaurant: A Feast of Fun

July 6, 2025
Effortless Elegance: Anupama Parameswaran Stuns in Minimalist Photoshoot

Effortless Elegance: Anupama Parameswaran Stuns in Minimalist Photoshoot

July 6, 2025
Monday, July 7, 2025
  • Login
CredTimes.com : Formerly known as TollywoodTimes.com
720 X 90 Advertisement
ADVERTISEMENT
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education
No Result
View All Result
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education
No Result
View All Result
CredTimes.com : Formerly known as TollywoodTimes.com
Home Government

Adani Bribery Charges Could Be Dropped Under Trump Presidency

Rajeshwari R by Rajeshwari R
November 26, 2024
in Government, India
Reading Time: 3 mins read
0
Adani Bribery Charges Could Be Dropped Under Trump Presidency

Adani Bribery Charges Could Be Dropped Under Trump Presidency

6.8k
SHARES
19.5k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

US Bribery Case Against Gautam Adani Could Be Withdrawn, Says Indian-American Attorney

New York: The ongoing USD 265 million bribery case against Indian billionaire Gautam Adani may be withdrawn if the charges are deemed “unworthy or defective,” according to prominent Indian-American attorney Ravi Batra. In an interview with PTI, Batra explained that President-elect Donald Trump’s administration, which is set to take office on January 20, 2025, has the power to “neuter any prosecution not based in good faith” as part of what Trump has described as “lawfare” — the use of the law to selectively target opponents.

Batra emphasized that the new Justice Department and Securities and Exchange Commission (SEC) under Trump could choose to withdraw both criminal and civil charges against Adani if they are found to lack merit. He suggested that Adani could request the Indian government to raise this issue with the incoming U.S. administration. Batra also noted the principle of “prosecutorial discretion,” which allows the executive branch, including the President, to influence prosecutorial actions and foreign policy.

The case against Adani, his nephew Sagar Adani, and Vneet Jaain involves charges of securities and wire fraud for allegedly orchestrating a multi-billion-dollar scheme to defraud U.S. investors and financial institutions. U.S. prosecutors allege that the Adani group paid bribes to Indian government officials and misled investors to raise funds, with accusations extending to the manipulation of stock markets and obstruction of justice. A parallel civil case by the SEC involves the Adani Group and its alleged involvement in the bribery scheme to benefit from India’s solar energy projects.

Batra also raised the issue of “extraterritoriality” — the application of U.S. laws to individuals and entities not based in the U.S., highlighting that the individuals involved in the case are not U.S. citizens and the alleged actions took place outside U.S. borders.

The bribery allegations come amidst a broader investigation into the Adani Group’s business practices, which has attracted significant media attention. The SEC charges suggest the scheme was designed to benefit Adani’s renewable energy companies, Adani Green and Azure Power Global Ltd., both of which raised substantial funds from U.S. investors.

As the political landscape in the U.S. shifts with Trump’s second term, significant changes in federal appointments are expected. Gary Gensler, the current SEC Chairman, will step down on January 20, 2025, the same day Trump assumes office, and U.S. Attorney Damian Williams has already announced his resignation. Trump’s new appointments, including Jay Clayton for U.S. Attorney for the Southern District of New York, could further reshape the handling of this and other ongoing cases.

The case remains closely watched as it could have significant implications for Adani’s business empire and its future in international markets, especially with the upcoming changes in the U.S. government.

Tags: Gautam AdaniIndianTOP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Paayal Rocks the Ripped Look

Paayal Rocks the Ripped Look

July 7, 2025
Vishnu Priya Strikes a Bold Note in Metallic Saree Look

Vishnu Priya Strikes a Bold Note in Metallic Saree Look

July 7, 2025
Anupama Stuns in Soft Pink Saree

Anupama Stuns in Soft Pink Saree

July 6, 2025
No Result
View All Result

Recent News

  • Paayal Rocks the Ripped Look
  • Vishnu Priya Strikes a Bold Note in Metallic Saree Look
  • Anupama Stuns in Soft Pink Saree
  • Bobbara Beans: A Daily Superfood for Health

We bring you the latest updates on Indian political affairs, business trends, sports highlights, and the glitz and glamour of the entertainment world. Stay tuned for comprehensive coverage of movie releases and reviews, ensuring you're always in the know. Trust CredTimes.com to keep you informed and credible.

  • About Us
  • Privacy & Policy
  • Contact Us

© 2024 All Rights Reserved. CredTimes.com (Formerly known as TollywoodTimes.com)

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education

© 2024 All Rights Reserved. CredTimes.com (Formerly known as TollywoodTimes.com)