A United States federal judge on Monday formally dismissed criminal charges in a securities fraud case against Indian billionaire Gautam Adani. This comes after the Judge Nicholas Garaufis asked prosecutors to explain why they wanted to drop the charges. Gautam Adani, his nephew Sagar Adani and six others had been indicted in November 2024 in the final weeks of Joe Biden’s presidency by a federal grand jury in Brooklyn, New York. In a social media post early on Tuesday, Gautam Adani said that he welcomed the “court’s decision with humility and deep respect for the judicial process”. My deepest gratitude to those who never lost faith in us, in the system and in… — Gautam Adani (@gautam_adani) August 10, 2026In May, The New York Times reported that the US Department of Justice was planning to drop the charges against Gautam Adani.