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Adani aides meet Trump team to push for end to U.S. bribery case, Bloomberg News reports
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Adani aides meet Trump team to push for end to U.S. bribery case, Bloomberg News reports
May 26, 2025 12:51 AM

May 4 (Reuters) - Representatives for Indian billionaire

Gautam Adani met officials from U.S. President Donald Trump's

administration to seek dismissal of criminal charges in an

overseas bribery probe, Bloomberg News reported on Sunday.

Shares of Adani Group's nine listed companies rose

between 0.4% and 5.3% in early Monday trade, led by Adani Total

Gas. The broader market gained 0.5%.

Discussions began earlier this year and have picked up

in recent weeks, with a resolution possible within a month if

momentum continues, the report said, citing sources familiar

with the matter.

An Adani Group representative, spokespeople for the

Justice Department and White House declined comment to Bloomberg

on the report. They did not respond to requests for comment from

Reuters outside regular U.S. business hours.

In November, U.S. authorities indicted Adani and his nephew,

Sagar Adani, alleging that they paid bribes to secure Indian

power supply contracts, and misled U.S. investors during fund

raises there.

The SEC summoned Gautam and Sagar, alleging they paid

bribes to Indian officials and misled investors on compliance

during a $750 million Adani Green bond sale.

The billionaire's aides are trying to make the case that his

prosecution does not align with Trump's priorities and should be

reconsidered, Bloomberg News reported.

Adani Group, the Justice Department and White House did not

immediately respond to a request for comment.

Late last month, Adani Green said its review of the U.S.

indictment found no non-compliance or irregularities.

The indictment has erased about $13 billion in market value

from Adani Group's nine listed firms.

(Reporting by Bipasha Dey and Nandan Mandayam in Bengaluru;

Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)

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