U.S. President Donald Trump on Thursday (May 14, 2026) announced that his Chinese counterpart Xi Jinping would be making a reciprocal visit to the White House on September 24. “Thank you again, President Xi, for this beautiful welcome, and tonight, it is my honour to extend an invitation to you
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.This simple travel hack can make sure you stay hydrated during your vacationsA water bottle sling bag keeps hydration close at hand and saves you from carrying a heavy backpack through
Apple’s two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from its deal with the iPhone maker and preparing possible legal action, a person familiar with the matter said on Thursday
Iran’s Foreign Minister accused the United Arab Emirates (UAE) of direct involvement in military operations against his country during a BRICS meeting in New Delhi on Thursday (May 14, 2026), Iranian state media reported. The spat comes a day after the UAE denied a statement by
Gita Gopinath calls out lack of female representation at US-China high-level talksGita Gopinath's post about the all-male Xi-Trump meet has gone viral. Published on: May 15, 2026 10:06 AM IST By Trisha Sengupta Share via Copy link Former first Deputy Managing Director of the International Monetary
US to drop fraud charges against Gautam Adani
The United States Department of Justice is planning to drop fraud charges against Adani Group chairperson Gautam Adani, The New York Times reported on Thursday.
The US authorities had in November 2024 indicted Gautam Adani and his nephew Sagar Adani for allegedly orchestrating a $265 million fraud scheme to bribe officials in India for solar energy contracts, and then misrepresenting the company’s anti-bribery practices to investors in the US.
The details of the alleged bribes were concealed to secure financing, the US justice department had claimed.
The Adani Group has denied the allegations. In a stock exchange filing in November 2024, the conglomerate said that Gautam Adani and Sagar Adani had been charged in the US for securities fraud, not bribery.
The decision to drop the charges came after Gautam Adani hired a legal team led by Robert J Giuffra Jr, one of US President Donald Trump’s personal lawyers, The New York Times reported.
The newspaper reported that Giuffra met officials at the justice department’s headquarters in Washington in April. He presented about 100 slides arguing that the prosecutors lacked evidence and jurisdiction in the matter, The New York Times quoted unidentified persons familiar with the meeting as saying.
One slide also allegedly made an offer that Gautam Adani would invest $10 billion in the US economy and help create 15,000 jobs if the charges against him were dropped, according to the newspaper.
On November 13, 2024, eight days after Trump won the presidential election, Gautam Adani congratulated the Republican leader on social media and said his conglomerate was committed to investing $10 billion in the US and creating up to 15,000 jobs.
Even if the criminal charges are dropped, Gautam Adani is still expected to pay financial penalties, The New York Times quoted persons aware of the case as saying.
During the same meeting, the lawyer also sought to resolve a parallel civil case filed by the US Securities and Exchange Commission against Gautam Adani, The New York Times reported. On Thursday, the US markets regulator reached a settlement with Gautam Adani in the matter, the Financial Times reported.
As part of this settlement, Gautam Adani agreed to pay $6 million, while his nephew Sagar Adani agreed to pay $12 million, Bloomberg reported.
The US Department of Treasury, which is separately investigating the conglomerate for shipping Iranian gas in violation of United States sanctions, is also preparing to impose its own penalty, The New York Times reported. This penalty could be about $275 million, the newspaper quoted persons with knowledge of the matter as having said.
Gautam Adani and the Adani Group have not yet commented on the matter.
In April, Gautam Adani had reportedly moved a US court seeking that the fraud case filed by the Securities and Exchange Commission be dismissed on the grounds that it constituted an impermissible extraterritorial application of American law.
Edited by Sara Varghese.
Also read:
Source: Scroll
Related Posts: Gautam Adani argues US SEC fraud case against him should be tossed India regulator rejects US firm's fraud claims against Adani Group Gautam Adani agrees to receive legal notice from US market regulator in fraud case Gautam Adani overtakes Mukesh Ambani to become Asia’s richest man Andhra CM N Chandrababu Naidu reviews infra projects with Gautam Adani Gautam Adani beats Mukesh Ambani to become Asia’s richest Altice International Bonds See Record Drop After Asset Drop-Down Vedanta’s appeal against Adani being selected to acquire Jaypee assets dismissed SEC case against Adani stalled by US shutdown Anil Agarwal's Vedanta moves NCLAT against Adani's bid for Jaypee flagship firm
A press conference on May 12 by a senior Immigration and Customs Enforcement official signalled that the US has opened yet another front in its battle against foreign students it accuses of having misused the country’s visa regime. An investigation into the potential misuse of a programme that
5 minutes ago
NEET 2026 re-exam date: National Testing Agency (NTA) has finalised 21 June for the UG medical entrance test amid a probe into a paper leak. The UG medical entrance test, conducted on 3 May, was cancelled after a “guess paper” containing over 400 questions circulated widely on WhatsApp and
4 minutes ago
Congress has strongly criticized Prime Minister Narendra Modi. The party stated that fuel prices have increased by Rs 3 per litre for petrol and diesel. CNG prices also saw a Rs 2 per litre hike. Congress linked this price rise to the completion of recent Assembly elections
2 minutes ago
Two days after NEET-UG 2026 was cancelled over alleged paper leaks, Union Education Minister Dharmendra Pradhan on Thursday evening chaired the first high-level meeting with senior officials to discuss the upcoming re-examination. At a press conference
2 minutes ago
The United States Department of Justice is planning to drop fraud charges against Adani Group chairperson Gautam Adani, The New York Times reported on Thursday. The US authorities had in November 2024 indicted Gautam Adani and his nephew Sagar Adani for allegedly orchestrating a $265 million fraud
5 minutes ago
A powerful synthetic opioid manufactured in India is at the center of a growing humanitarian crisis across West Africa. Sold in unassuming blister packs at roadside kiosks, millions of tapentadol tablets are being diverted into the illegal drug trade
5 minutes ago
Manchester City clinched the FA Youth Cup with a dramatic 2-1 victory over arch-rivals Manchester United, as Reigan Heskey’s late winner secured the trophy in front of his father, former England striker Emile Heskey. The triumph marked City’s fifth FA Youth Cup title and their second in three
3 minutes ago
A French woman battling hantavirus is now in what doctors describe as the “final stage of supportive care", the latest reports from the Hantavirus outbreak after all the passengers deboarded the cruise ship, reigniting global concern around the rare but potentially deadly infection that has
5 minutes ago
Inspector Avinash Season 2 review: Randeep Hooda packs a powerful punch in messy, cliché but gripping emotional thrillerInspector Avinash Season 2: A loud, emotional and action-packed cop drama that works in parts May 15, 2026, 11:02:00 IST By Riya Sharma Share via Copy link Inspector Avinash
3 minutes ago
‘Breach in command chain, we take responsibility’: Govt after NEET paper leakAddressing a press conference, union minister Dharmendra Pradhan vowed strong action against those responsible for the NEET-UG paper leak. Updated on: May 15, 2026 11:13 AM IST By HT News Desk Share via Copy link Days
2 minutes ago
Kylian Mbappe endured a difficult night at the Santiago Bernabeu despite Real Madrid securing a comfortable 2-0 victory over Real Oviedo in LaLiga on Thursday. Returning from a hamstring injury, the French superstar was met with loud boos and whistles from sections of the home crowd when he came on
3 minutes ago
Karuppu Movie Release: After uncertainty surrounding Karuppu release date, the makers of Suriya and Trisha Krishnan starrer have finally confirmed that the film has released in theatres today (May 15), bringing relief and excitement to fans who had been waiting anxiously for updates
3 minutes ago
WBJEE Admit Card 2026 released at wbjeeb.nic.in, download link hereWBJEE Admit Card 2026 has been released. The direct link to download the hall ticket is given here. Updated on: May 15, 2026 11:03 AM IST By HT Education Desk | Edited by Papri Chanda Share via Copy link West Bengal Joint Entrance
2 minutes ago
Career Horoscope May 15, 2026: New opportunities emerge as old workplace burdens begin to fade awayWork may feel heavy today, but it’s a temporary phase. Focus on practical financial stability and avoid fear-based decisions. Published on: May 15
2 minutes ago
Avocado toast has gained a lot of popularity over the past few years. It has become a breakfast staple, available across several cafes and restaurants. This summer season, give it a seasonal twist by adding another fan-favourite – the mango! This mango‑avocado toast is a sunny
2 minutes ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.These 10 BB creams with SPFs are summer skincare essentials with 3-in-1 benefitsIts time to give your skin the goodness of BB creams with sun protection
1 minutes ago
CBSE Class 10 Second Board Exams 2026: The second phase of the Central Board of Secondary Education Class 10 board examinations for 2026 will begin today, May 15, with Mathematics Standard and Mathematics Basic papers. According to the board, over 6
3 minutes ago
Medical entrance exam NEET-UG, which was cancelled following allegations of irregularities in the examination process, will be re-conducted on June 21, the National Testing Agency (NTA) announced on Friday (May 15, 2026). The NTA had on Tuesday (May 12
4 minutes ago
President Donald Trump concluded his state visit to China. He met with President Xi Jinping. The visit featured business deals and discussions. President Xi issued a strong warning regarding Taiwan. Trump expressed hope for a stronger relationship. China agreed to purchase Boeing jets
3 hours ago
The U.S. House of Representatives narrowly rejected a resolution to halt the Iran war without congressional approval. The vote was tied, failing to pass. This marks the third such attempt this year, with votes becoming increasingly close. Democrats argue the Constitution requires Congress to
3 hours ago
Canon launches full-frame EOS R6V camera with built-in cooling fan in India: Price and availabilityCanon has launched the EOS R6V camera and RF 20–50mm power zoom lens in India, targeting filmmakers, wedding shooters, and video creators. Updated on: May 14
3 hours ago
A notice issued by the state school education department said that the singing of ‘Vande Mataram’ should be made mandatory during morning assembly prayers prior to the start of classes in all schools with immediate effect. In a major move, the West Bengal government
3 hours ago
Pop star Delta Goodrem has dramatically increased Australia's odds of winning the Eurovision Song Contest, after a stunning performance of her power ballad, Eclipse, at Thursday's semi-final. The singer is now second favourite for the competition, and is rapidly closing in on Finland
3 hours ago
NEET UG 2026 cancelled amid paper leak row, students, parents and educators react stronglyNEET UG 2026 was cancelled amid paper leak row on May 12, 2026. CBI is currently investigating the matter. Students, parents and educators have reacted. Updated on: May 14
3 hours ago
The airline said the move is aimed at maintaining operational stability, controlling costs and avoiding last-minute disruptions for passengers. New Delhi: Amid rising fuel costs, ongoing tensions in West Asia and continued airspace restrictions across several regions
3 hours ago
Britney Spears’ rep reacts to claims singer was walking around a restaurant in LA with a knife: ‘She was simply…’On May 14, it was reported that Britney Spears was sharing a table at a Los Angeles restaurant when she allegedly began "screaming" and "barking." May 15, 2026
3 hours ago
Reigan Heskey smashed home a late winner as Manchester City claimed bragging rights over bitter rivals Manchester United by winning the FA Youth Cup for the fifth time. In a repeat of the two-legged showpiece from 40 years ago, which City also triumphed in
3 hours ago
