India, May 19 -- In a major legal development, US authorities have closed a high-profile criminal case against Indian businessman Gautam Adani and his nephew Sagar Adani after deciding that the allegations could not be sustained in court. The move brings an end to a long-running securities and wire fraud investigation in New York linked to solar energy contracts and alleged corruption claims.

US DOJ Ends Criminal Case Against Adani

The US Department of Justice moved to permanently drop all charges against Gautam Adani and Sagar Adani after a detailed review of evidence. Prosecutors told the court they would no longer pursue the case and requested dismissal with prejudice, which would legally prevent the matter from being reopened.

"The...