U.S. authorities may move to drop criminal fraud charges against Indian billionaire Gautam Adani, according to a Bloomberg report cited by Reuters on Thursday, May 14, 2026.
Reuters reported that the U.S. Justice Department could announce a decision as early as this week, but said it could not independently verify the report. No formal court filing confirming dismissal was immediately available.
What the Gautam Adani Case Is About
The case traces back to a U.S. indictment unsealed in Brooklyn on Wednesday, November 20, 2024. Prosecutors alleged that Adani and other executives were linked to a bribery and investor fraud scheme connected to solar energy contracts in India.
The Justice Department alleged that more than $250 million in bribes were promised to Indian government officials to secure solar energy supply contracts. Prosecutors also alleged that investors were misled while funds were raised from U.S. and international markets.
Adani Group has previously denied wrongdoing in connection with the allegations.
SEC Case Remains Important
The reported DOJ move is being watched alongside a separate civil case filed by the U.S. Securities and Exchange Commission.
The SEC said in November 2024 that Gautam Adani, Sagar Adani and Cyril Cabanes were charged in actions involving an alleged bribery scheme linked to Indian energy companies Adani Green and Azure Power. The SEC also said Adani Green raised more than $175 million from U.S. investors during the period connected to the alleged conduct.
That U.S. investor connection is one reason the case has drawn attention beyond India.
Why Investors Are Watching
A formal move to drop or resolve the criminal case could be significant for Adani Group, one of India’s largest infrastructure and energy conglomerates.
The group has major interests in ports, airports, logistics, mining, power and renewable energy. A legal resolution in the United States could affect investor confidence, global fundraising plans and market sentiment around Adani-linked companies.
For now, the key point is that the reported move has not been confirmed through a public DOJ filing. Until an official filing or statement is released, the matter remains based on media reporting from unnamed sources.
