When the Justice Department indicted India\u2019s richest man in the final weeks of the Biden administration, prosecutors described an \u201celaborate\u201d bribery scheme involving \u201ccorruption and fraud at the expense of U.S. investors.\u201d<\/p>\n
Now, according to several people with knowledge of the case, the Justice Department is planning to drop the charges altogether.<\/p>\n
The reversal came after the Indian billionaire, Gautam Adani, hired a new legal team led by Robert J. Giuffra Jr., one of President Trump\u2019s personal lawyers.<\/p>\n
Mr. Giuffra\u2019s efforts on Mr. Adani\u2019s behalf culminated in a previously unreported meeting last month at the Justice Department\u2019s headquarters in Washington, according to people familiar with the meeting. Mr. Giuffra ticked through about 100 slides outlining why prosecutors lacked basic evidence, as well as the jurisdiction even to bring the case, one of the people said.<\/p>\n
Another slide also offered the government a sweetener: If prosecutors dropped the charges, Mr. Adani would be willing to invest $10 billion in the American economy and create 15,000 jobs, echoing a pledge he made in the wake of Mr. Trump\u2019s election.<\/p>\n
While prosecutors later told Mr. Giuffra that the $10 billion investment would play no role in the resolution of the case, his offer received a favorable response from at least one senior Justice Department official at the meeting, according to the people familiar with the meeting.<\/p>\n
The charges were originally brought against Mr. Adani by federal prosecutors in Brooklyn.<\/p>\n
This is a developing story. Check back for updates.<\/p>\n
Michael S. Schmidt, Kenneth P. Vogel and Alex Travelli contributed reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"When the Justice Department indicted India\u2019s richest man in the final weeks of the Biden administration, prosecutors described…\n","protected":false},"author":2,"featured_media":28681,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[17486,12818,12819,6238,13535,17487,8,1334,1505,9,17485,7,1071,13,11259],"class_list":{"0":"post-28680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-stories","8":"tag-adani","9":"tag-bribery-and-kickbacks","10":"tag-corruption-institutional","11":"tag-donald-j","12":"tag-frauds-and-swindling","13":"tag-gautam-s","14":"tag-headlines","15":"tag-india","16":"tag-justice-department","17":"tag-news","18":"tag-securities-and-commodities-violations","19":"tag-top-stories","20":"tag-trump","21":"tag-united-states","22":"tag-united-states-politics-and-government"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116573900825404863","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/28680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=28680"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/28680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/28681"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=28680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=28680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=28680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}