US Justice Department Likely to Drop Charges Against Adani In $265 Mn Fraud Case : Report

US authorities also accused the Adanis and former Adani Green Energy CEO Vneet Jaain of raising more than $3 billion through loans and bond offerings while concealing the alleged corruption from lenders and investors. The three faced charges of securities fraud, securities fraud conspiracy, and wire fraud conspiracy. The Adanis and others were also named in a parallel civil fraud case by the US Securities and Exchange Commission (SEC).At the time, none of the accused were in US custody. Arrest warrants were issued, and authorities planned to work with foreign law enforcement to apprehend them.