A US court has permanently dismissed all criminal charges against Indian businessman Gautam Adani and others in a case related to securities and wire fraud. The ruling closes the legal proceedings that had been pending against the Adani Group chairman and his associates.
Reacting to the decision, Adani said truth had prevailed and that he respected the judicial process. He thanked all those who stood by him and supported the Adani Group during the proceedings. He also reaffirmed the conglomerate's commitment to nation-building and long-term value creation.
The case had drawn significant attention, and the dismissal brings legal relief to Adani and the group. The court's decision is final, according to reports.