The New York Times | Nicole Hong, Ben Protess, William K. Rashbaum, Devlin Barrett
The U.S. Justice Department is planning to drop fraud charges against Indian billionaire Gautam Adani, reversing an indictment from the final weeks of the Biden administration. This decision follows Adani's engagement of a new legal team, including Robert J. Giuffra Jr., a personal lawyer for President Trump. During a previously unreported meeting at the Justice Department, Giuffra presented arguments challenging the prosecution's evidence and jurisdiction. Crucially, Adani's team also made an unusual offer: a $10 billion investment in the American economy and the creation of 15,000 jobs if the charges were dropped, echoing a prior pledge made after Trump's election. This development also includes the resolution of a parallel civil case with the Securities and Exchange Commission and an impending deal with the Treasury Department, highlighting the significant influence of political connections and economic leverage in high-profile international legal matters.