The Trump administration has officially moved to dismiss criminal fraud charges brought against Indian billionaire Gautam Adani. This development follows a high-profile legal battle in which Adani—a prominent ally of Indian Prime Minister Narendra Modi—faced accusations of orchestrating a $265 million bribery scheme to secure lucrative solar power contracts in India. Prosecutors previously alleged that the Adani Group raised billions from international lenders by concealing these corrupt activities. The company has consistently maintained its innocence, denying all allegations of wrongdoing throughout the duration of the proceedings.

The resolution of these cases coincides with reports that one of Adani’s attorneys, who also serves as a personal lawyer for President Trump, indicated his client was prepared to invest $10 billion into the U.S. economy, provided the legal obstacles were removed. Alongside the dismissal of criminal charges, the U.S. Treasury Department announced that Adani Enterprises reached a $275 million settlement to resolve allegations of violating Iran sanctions by sourcing gas shipments through a third party. While the Securities and Exchange Commission has also moved toward a civil settlement, the administration's decision to drop the criminal case marks a notable shift in how the Justice Department is handling litigation inherited from the previous administration.