Representatives for Gautam Adani, an Indian billionaire, have reportedly met with officials from Donald Trump's administration to seek the dismissal of criminal charges related to an overseas bribery probe [1, 2, 3, 4, 5].
U.S. authorities indicted Adani and his nephew in November, alleging bribery for power supply contracts and misleading U.S. investors during fundraising [1, 2]. The U.S. Securities and Exchange Commission (SEC) also summoned them over compliance issues related to a $750 million Adani Green bond offering [1, 2, 3, 4].
Adani's aides argue the prosecution doesn't align with Trump's priorities [1]. Discussions began earlier this year and have intensified, with a resolution possible within a month [1, 2, 3, 4]. Adani Green stated it's not part of any proceedings and found no non-compliance in its review [1].
Shares of Adani Group's nine Indian listed companies rose between 1.7% and 10.5% on Monday [2]. The indictment previously erased about $13 billion in market value from these firms [2].