LATEST NEWS ON ADANI
US justice department drops criminal fraud case against Gautam Adani The move to drop the charges comes after the US Securities and Exchange Commission said it was settling a related lawsuit against Gautam Adani. Lawyers for Adani and his co-defendants consented to the request, prosecutors said. Adani's lawyer, Robert Giuffra, declined to comment. Click to read the news article: here. Adani, one of the world's richest people, was accused in 2024 of paying massive bribes to ensure the project's success. The Adani Group denied the allegations at the time, calling them baseless. Pesawala's Take on the Outcome Let us discuss a pragmatic philosophy of law and operative markets: (i) state power is finite, (ii) politics is inescapable, and (iii) corporate legitimacy is never fully settled. At its core, this view treats criminal enforcement, regulatory bargaining, and reputation as interacting levers in a complex political economy. First, criminal prosecution appears as a scarc...
