A U.S. judge dismissed criminal charges against Indian billionaire Gautam Adani after the Justice Department dropped its fraud and bribery case. Adani denied any agreement to exchange a previously pledged $10 billion U.S. investment for the dismissal. In a separate development, the U.S. Securities and Exchange Commission is moving to dismiss its insider trading lawsuit against Terren Peizer, a former healthcare executive who was convicted and later pardoned by President Donald Trump.
A U.S. judge has dismissed criminal charges against Indian billionaire Gautam Adani. The dismissal follows the Justice Department's decision to abandon the fraud and bribery case against Adani. Adani has denied any agreement to exchange a previously pledged $10 billion U.S. investment for the case's dismissal.
In a separate but related development, the U.S. Securities and Exchange Commission (SEC) is moving to dismiss its insider trading lawsuit against Terren Peizer. Peizer is a former healthcare executive who was convicted of insider trading and later pardoned by President Donald Trump. The SEC's action indicates a shift in its enforcement strategy or a re-evaluation of the case's merits following the presidential pardon.
A U.S. judge has dismissed criminal charges against Indian billionaire Gautam Adani. The dismissal follows the Justice Department's decision to abandon the fraud and bribery case against Adani. Adani has denied any agreement to exchange a previously pledged $10 billion U.S. investment for the case's dismissal.