NEW YORK/NEW DELHI: (Aug 11) A US court has dismissed with prejudice the criminal charges against Adani Group chairman Gautam Adani and his nephew, bringing to an end nearly two years of proceedings in an alleged fraud and bribery case.
The US District Court for the Eastern District of New York granted the Justice Department’s Rule 48(a) motion to dismiss the indictment against Gautam Adani, Sagar Adani and former Adani Green CEO Vneet Jaain. The counts covered securities-fraud conspiracy, wire fraud conspiracy, and securities fraud.
Judge Nicholas Garaufis allowed the Justice Department’s motion after seeking additional explanations from prosecutors over their decision to abandon the case. A dismissal with prejudice permanently closes the criminal proceedings and bars the charges from being refiled, but does not amount to a judicial finding on the underlying allegations.
Source: PTI News
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