A federal court in the United States has thrown out, with prejudice, the criminal charges levelled against Adani Group chairman Gautam Adani and his nephew Sagar Adani, closing nearly two years of legal proceedings tied to an alleged fraud and bribery matter. The US District Court for the Eastern District of New York accepted the Justice Department's Rule 48(a) plea to withdraw the indictment against Gautam Adani, Sagar Adani and former Adani Green chief executive Vneet Jaain. The charges spanned securities-fraud conspiracy, wire-fraud conspiracy and securities fraud. Reacting to the ruling, Adani said he accepted the outcome "with humility and deep respect for the judicial process." He added, "Throughout this challenging period, our faith in truth, fairness and the rule of law remained unwavering.