Billionaire Gautam Adani’s Fraud Charges Dropped By Justice Department

BreakingBusinessBreaking NewsBillionaire Gautam Adani’s Fraud Charges Dropped By Justice DepartmentByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorMay 18, 2026, 01:36pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineThe Justice Department officially moved to drop its fraud case against Indian billionaire Gautam Adani, according to a Monday federal court filing, ending a years-long prosecution for allegedly participating in a $250 million bribery scheme for a major solar project.Prosecutors said they would not “devote further resources” to the case against the Indian billionaire.AFP via Getty ImagesKey FactsIn a short filing on Monday, the prosecutors said the Justice Department “has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these criminal charges against individual defendants.”This is a breaking story and will be updated.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video