US court permanently dismisses criminal case against Adanis; truth has prevailed, says Gautam Adani

A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. US District Judge Nicholas Garaufis of the Eastern District of New York granted the Justice Department’s Rule 48(a) motion, dismissing Counts Two, Three and Four of the indictment — covering securities-fraud conspiracy, wire-fraud conspiracy and securities fraud — with prejudice, meaning the charges cannot be...