Brief by Shorts91 Newsdesk / 06:55pm on 14 May 2026,Thursday India Global
US authorities are reportedly preparing to resolve major fraud and bribery-related cases against Indian billionaire Gautam Adani and the Adani Group, according to Bloomberg and Reuters reports. The US Department of Justice may drop criminal charges linked to an alleged bribery scheme involving solar energy contracts, while the US Securities and Exchange Commission is reportedly negotiating a civil settlement that could include financial penalties. The investigations began in 2024 over accusations that Adani executives concealed alleged payments to Indian officials while raising funds from US investors. Adani representatives have denied wrongdoing, and no final official announcement has yet been made. (PC: ANI)
