Washington, May 14 -- A New York Times Report on Thursday (local time) has claimed that the US Justice Department is contemplating dropping charges against Industrialist and Adani Group Chairman Gautam Adani.

The US SEC had earlier alleged that Gautam Adani, Sagar Adani and others orchestrated an alleged USD 250 million-plus bribery scheme between 2020 and 2024 to secure solar energy contracts in India.

The New York Times report cites people with knowledge of the case to suggest that the US Justice Department is now planning to drop the charges altogether.

The report says that this move has come after Adani hired a new legal team led by Robert J Giuffra Jr. who is part of Sullivan & Cromwell LLP. Giuffra Jr. is also one of US President...