A federal judge in Brooklyn has officially dismissed the bribery and fraud charges leveled against Indian billionaire Gautam Adani. The decision follows a request from the Justice Department earlier this year to drop the 2024 allegations, which claimed that Adani was involved in a $265 million scheme to bribe Indian officials in exchange for solar energy contracts. While the presiding judge, Nicholas Garaufis, ultimately granted the dismissal, he expressed significant skepticism regarding the process, noting that the move was highly irregular as it appeared to bypass input from the FBI and SEC agents who originally led the investigation.

The legal saga, which gained significant public attention due to reports of a potential $10 billion investment pledge in the US economy linked to the billionaire’s legal defense team, has now come to a formal end. Adani, a prominent industrialist and supporter of both Donald Trump and Indian Prime Minister Narendra Modi, welcomed the court’s ruling. In a public statement, he expressed gratitude for the outcome, emphasizing his continued faith in the judicial process after a tumultuous period marked by corporate scrutiny and market volatility.