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securities fraud

Gautam Adani welcomed the US court’s decision to end criminal proceedings against him, Sagar Adani and Vneet Jaain.

A US federal court dismissed criminal fraud charges against Gautam Adani and two executives after the Justice Department dropped the prosecution.

The US DoJ has asked a federal court to dismiss all criminal charges against Gautam Adani, saying they should never have been pursued.

Senior US lawyer Chris Man said the judge's request for more details is a routine procedural step, not a sign the Adani case will continue.