US reportedly dropped fraud charges against Indian billionaire after he hired Trump’s lawyer
Summary
The US Department of Justice is reportedly dropping fraud charges against Indian billionaire Gautam Adani after he hired a legal team led by President Trump's personal lawyer, Robert J. Giuffra Jr. Giuffra offered a plan for Adani to invest $10 billion in the US and create 15,000 jobs in exchange for dropping the charges.Key Facts
- Gautam Adani, the richest man in Asia, was charged with fraud and bribery by US prosecutors in November 2024.
- He was accused of paying $250 million in bribes and misleading investors to raise money.
- Adani’s legal team, led by President Trump’s lawyer Giuffra, presented a 100-slide defense arguing lack of evidence and jurisdiction.
- Giuffra proposed a $10 billion US investment and 15,000 jobs to persuade prosecutors to drop the case.
- A senior justice department official reacted positively to the investment offer, though prosecutors said it should not affect the case outcome.
- Adani is linked to India’s Prime Minister Narendra Modi and has faced accusations of benefiting from favoritism and cronyism.
- President Trump’s lawyer, Giuffra, also represents Trump in appeals of personal legal cases.
- Neither the US Justice Department nor Giuffra’s law firm responded to requests for comment.
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