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Big relief for Indian industrialist Gautam Adani in US court in bribery and fraud case. The US Department of Justice has decided to drop all charges against him. However, in exchange for withdrawing the case, Adani will have to invest heavily in America. As a figure, the amount of that investment is 96 thousand 314 crores. It is said that the case was dismissed after Adani promised to invest.

It was alleged against Gautam Adani that he took 3 billion dollars from the American market and used it irregularly. Adani Green Energy Limited (AGL), owned by him, allegedly bribed government officials (including ministers, public representatives) in several Indian states, including Andhra Pradesh, to get quotations for selling solar power at higher than market prices. Claims, the amount of bribe is 26.5 crore dollars (2029 crore rupees). The US Department of Justice and the SEC (Securities and Exchange Commission) filed criminal and civil charges based on the three allegations, respectively. On the basis of which the case was filed.

The US Department of Justice has decided to drop all charges against Adani. However, in exchange for withdrawing the case, Adani will have to invest heavily in America.

Not only that, Adani was accused of doing business with Iran in defiance of US sanctions. According to a US Treasury Department report, LPG worth $191 million (about Tk 1,839 crore) was purchased through a Dubai company, which was claimed to have come from Oman or Iraq, but was later found to have been imported from Iran. That case has also been withdrawn. Adani had to pay a fine of around 2,647 crore rupees in Indian currency to withdraw this case. According to the US Securities and Exchange Commission, all cases against Adani have been settled. However, the final approval of the court is still pending.

However, despite Adani’s relief in the US court, the debate on this issue has reached an extreme in India. “This is not a trade deal, but a compromise to save investors,” Lok Sabha Leader of Opposition Rahul Gandhi alleged. Adani’s plan to invest in America is actually Modi government’s politics of compromise.