Representatives of Indian billionaire Gautam Adani have reportedly held discussions with officials from U.S. President Donald Trump’s administration to seek dismissal of criminal charges related to an overseas bribery investigation, Bloomberg News reported, citing sources familiar with the matter.
The meetings, which began earlier this year, have intensified in recent weeks. If current momentum continues, a resolution could emerge within the next month, the report added.
In November, U.S. authorities indicted Gautam Adani and his nephew, Sagar Adani, accusing them of paying multimillion-dollar bribes to Indian officials to secure power supply contracts. The indictment also alleged they misled U.S. investors during fundraising efforts, including a $750 million bond offering by Adani Green Energy Ltd (NSE: ADNA).
The U.S. Securities and Exchange Commission (SEC) summoned both Adanis, alleging they falsely claimed compliance with anti-bribery regulations during the bond issuance.
Adani’s legal team is reportedly arguing that the prosecution contradicts the Trump administration’s current enforcement priorities and should be reconsidered. The group is seeking political and legal avenues to de-escalate the situation before it progresses further.
Neither the Adani Group, the White House, nor the U.S. Department of Justice has responded to requests for comment from Bloomberg or Reuters. An Adani Group representative also declined to comment.
Last month, Adani Green stated that its internal review of the allegations found no evidence of non-compliance or irregularities tied to the indictment.
The case continues to draw international attention due to its implications for U.S.-India business relations and the reputational impact on one of India’s most powerful conglomerates.