US court permanently dismisses criminal case against Adanis; truth has prevailed, says Gautam AdaniA US federal judge permanently dismissed securities-fraud charges against Adani Group chairman Gautam Adani, his nephew Sagar Adani and former executive Vneet Jaain, ending the case before trial. The Adani Group has consistently denied the allegations, calling them baseless. US District Judge Nicholas Garaufis granted the Justice Department’s Rule 48(a) motion to dismiss Counts Two, Three and Four of the indictment against Gautam Adani, Sagar Adani and former Adani Green CEO Vneet Jaain. In his sworn declaration, Gautam Adani categorically denied the existence of any promise, offer, quid pro quo or undisclosed agreement relating to the DoJ’s decision. The Adani Group has consistently denied the allegations, maintaining it acted in line with applicable law.