Billionaire Gautam Adani’s efforts to get US fraud charges against him resolved have stalled, according to people familiar with the matter, prolonging the regulatory overhang that has hobbled the Adani Group’s global expansion plans.
Progress Adani’s representatives had been making with American officials has faltered in recent months as the US and India have clashed on issues like trade, Russian oil and India’s conflict with Pakistan, said the people, who asked not to be identified as the talks are private.
Trump administration officials have signaled to the tycoon’s representatives which include a roster of high powered lawyers in the US that there will be no deal to end the cases over an alleged bribery scheme as long as bilateral tensions between the two countries remain heightened, the people said.
Federal prosecutors, meanwhile, continue to pursue the criminal case that became public in late 2024, said another person, who asked not to be identified because the information is confidential.
The Adani Group and the White House did not respond to multiple requests for comment. The Justice Department declined to comment.
