The US Justice Department is preparing to drop its criminal fraud case against Indian billionaire Gautam Adani, according to sources cited by Reuters on May 15, 2026.
The decision comes after Adani pledged a $10 billion investment in the United States. Officials say the move is part of a broader effort to reset US-India business relations and attract foreign capital.
The fraud case was filed over allegations of bribery and misconduct linked to solar energy contracts. Adani had denied the claims, calling them politically motivated.
The case had strained diplomatic and business ties between Washington and New Delhi, with investors watching closely for fallout in the energy and infrastructure sectors.
Sources say the agreement to drop the case is tied directly to Adani’s commitment to invest $10 billion in US projects. The investment is expected to focus on renewable energy, infrastructure, and manufacturing.
Analysts view the deal as a signal that both governments want to move past legal disputes and strengthen economic cooperation ahead of the 2026 US midterms.
Legal filings to formally drop the case are expected in the coming days. The Justice Department has not released an official statement, but sources close to the matter say negotiations are complete.
Adani Group has not commented publicly on the development.
