India, May 18 -- In a major legal development, the United States Department of Justice (DOJ) has permanently dropped all criminal charges against Indian industrialist Gautam Adani and his nephew Sagar Adani, bringing an end to a closely watched securities and wire fraud case filed in New York, media reports said.

The dismissal, filed in the United States District Court for the Eastern District of New York, was ordered "with prejudice," meaning the case cannot be reopened in the future.

DOJ says charges cannot be sustained

In its filing, the DOJ stated that after reviewing the matter, it had decided in its prosecutorial discretion not to continue pursuing the criminal charges.

"The Department of Justice has reviewed this case and has d...