Gautam Adani, the Indian billionaire at the heart of a bribery investigation, has sent his team to meet with key officials from former President Donald Trump’s administration, urging them to intervene and halt the criminal charges he faces in the United States. These meetings, which started earlier this year, are intensifying, with the potential for a resolution within the next month.
The charges, which were announced in November, accuse Adani and his nephew, Sagar Adani, of paying bribes to secure power contracts and misleading U.S. investors during fundraising efforts, particularly a $750 million Green bond sale. U.S. authorities have claimed the pair misled investors about compliance, prompting the investigation by the U.S. financial regulator.
Adani’s team argues that these charges conflict with Trump’s broader political and economic objectives, hoping that aligning the matter with the former President’s priorities might influence a favorable outcome. While the discussions continue behind closed doors, sources suggest a resolution may be reached in the coming weeks if the momentum holds.
Despite the ongoing probe, Adani Green, the group’s renewable energy arm, insists it is not directly involved in the investigation, although it has not made any official comment on the recent talks. The company maintains that its review of the situation found no evidence of wrongdoing.
The Justice Department and White House have not commented on the matter, and Adani Enterprises, the flagship company of the Adani Group, also declined to offer any statements. The billionaire’s legal team has consistently denied any involvement in illegal activities.
The fallout from the indictment has been significant, wiping nearly $13 billion off the market value of Adani Group’s publicly traded companies, though their shares saw a modest rebound on Monday, rising by up to 10.5%, compared to a broader market increase of 0.6%.
