US prosecutors drop fraud case against Indian billionaire Adani (opens in new tab)

U.S. prosecutors moved on Monday to dismiss criminal fraud and conspiracy charges against Indian billionaire Gautam Adani in New York, asking U.S. District Judge Nicholas Garaufis to end a case that accused Adani of misleading investors in connection with a major solar energy project in India. The Justice Department told the court it had decided, “in its prosecutorial discretion,” not to devote further resources to the criminal charges against individual defendants, the AP reported through Sc...