Rahul Gandhi intensified his attack on Prime Minister Narendra Modi, accusing him of “bargaining” for Gautam Adani’s relief in the US instead of delivering an India-US trade deal. The comments come after Reuters and other reports said the US Justice Department is close to dropping criminal fraud charges against Adani, amid his pledged $10 billion US investment. Separately, Bloomberg reported an SEC settlement: Adani and his nephew would pay $18 million, pending court approval.
Adani Group shares are in the spotlight after reports say the US Justice Department is considering dropping fraud charges against Gautam Adani, following moves by a newly appointed legal team led by Robert J. Giuffra Jr. The NYT says prosecutors proposed a path to resolution that could include a $10 billion US investment and job creation. Meanwhile, separate SEC and Treasury-related matters are reportedly moving toward settlement agreements with financial penalties, while other discussions cite further civil and sanctions payments.
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A New York Times report says the US Justice Department is considering dropping bribery charges against Gautam Adani and others, after Adani’s lawyers pushed back on US jurisdiction and evidence. The US SEC previously alleged an alleged $250 million-plus bribery scheme from 2020 to 2024 tied to solar contracts in India. The report also links the shift to a new legal team led by Robert J Giuffra Jr., who reportedly met DOJ officials and argued prosecutors lacked grounds to proceed.
North Korea has dismissed US allegations that it commits cybercrimes to finance its weapons programs, calling the claims “absurd slander.” Washington says Pyongyang has stolen billions in virtual assets, a key revenue stream under sanctions, and the US Justice Department has prosecuted people tied to the multi-year scheme.
The US Justice Department has intervened in xAI’s challenge to a Colorado tech law, arguing it violates the Fourteenth Amendment’s equal protection guarantee. In court papers, the department says the law forces companies to prevent unintended discriminatory effects while still permitting certain discrimination intended to advance diversity goals—an approach it says is unconstitutional.
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