Department Calls Allegations Against Gautam Adani 'Baseless'

In a sweeping statement, the U.S. Justice Department declared that the securities allegations directed at Adani Group chairman Gautam Adani were "never meant to be filed." The agency’s internal review concluded that the case suffered from "extraordinary evidentiary challenges" and that the criminal complaint lacked any viable path to conviction. The DOJ emphasized that none of the securities at issue were financially impaired – either the notes were fully paid or continue to operate as intended. The filing also rebukes suggestions that the decision was influenced by prospective U.S. investment flows, noting that the dismissal stemmed from a thorough analysis of the prosecution and defense arguments. The department warns against relying on anonymous media reports for understanding the rationale behind the move.