DOJ to reportedly drop fraud case against billionaire Gautam Adani who hired former Trump lawyer
Original reporting: U.S. Set to Drop Charges Against Indian Billionaire (New York Times)
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Source: MS NOW
DOJ to reportedly drop fraud case against billionaire who hired former Trump lawyer
JD Vance boasted Wednesday that Americans “have a president who takes fraud seriously.” His timing could’ve been better.
May. 14, 2026, 3:32 PM EDT
By Steve Benen
In late 2024, when federal prosecutors secured an indictment against Gautam Adani, it wasn’t just another case. Adani, with a net worth of $104 billion, is India’s richest man with unparalleled influence in his home country, making the criminal indictment a matter of geopolitical significance.
In the United States, the Justice Department nevertheless concluded that he had allegedly overseen a bribery scheme, which he and his team lied about while trying to raise money from American investors.
According to new reporting from The New York Times, however, Donald Trump’s DOJ is prepared to abandon the case:
Now, according to several people with knowledge of the case, the Justice Department is planning to drop the charges altogether.
The reversal came after the Indian billionaire, Gautam Adani, hired a new legal team led by Robert J. Giuffra Jr., one of President Trump’s personal lawyers and the co-chairman of the prominent firm Sullivan & Cromwell.
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Read more: https://www.ms.now/rachel-maddow-show/maddowblog/doj-to-reportedly-drop-fraud-case-against-billionaire-who-hired-former-trump-lawyer