Startup Originals Team
Adani Group Chairman Gautam Adani has denied that his proposed $10 billion investment in the United States was connected to the US Department of Justice’s decision to seek dismissal of criminal charges against him. The denial came through a sworn affidavit filed before a US federal court after the judge sought clarification over reports suggesting a possible agreement.
Court Asked for Clarification
The affidavit was filed after US District Judge Nicholas Garaufis directed Adani to answer whether he was aware of any promise, offer, agreement, or exchange connected to the proposed dismissal of the indictment. The court’s questions followed public reports that raised concerns about a possible link between the investment proposal and the legal proceedings.
Adani Rejects Any Quid Pro Quo
In his sworn statement, Adani said he was not aware of any promise, offer, agreement, or exchange made in connection with the Justice Department’s decision. He also denied that the previously announced $10 billion US investment plan formed part of any arrangement to have the criminal case dropped.
Investment Plan Was Announced Earlier
The affidavit notes that Adani had publicly announced plans in November 2024 to invest $10 billion in US energy, infrastructure, and security projects, with the potential to create around 15,000 jobs. According to the filing, this investment plan was announced independently and was not linked to the criminal case.
Background of the Case
The criminal case stemmed from allegations that Adani and others were involved in a bribery and fraud scheme related to solar energy contracts. Earlier this year, the US Department of Justice moved to dismiss the criminal charges, prompting the court to seek additional information before approving the request.
What Happens Next?
The court will review Adani’s affidavit along with submissions from the US Department of Justice before deciding whether to approve the dismissal of the criminal indictment. The outcome could bring one of the most closely watched international corporate legal cases to a close.
