US Lawmakers Rally Behind Adani: Challenge DoJ's Bribery Case

BUSINESS

By Aniket Chakraborty Feb 13, 2025 Arrow

Six US Congressmen wrote to the new Attorney General questioning DoJ's indictment against Adani Group.

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The original DoJ case alleged $250 million bribe payment for favorable solar power contracts.

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Lance Gooden, Pat Fallon, and four other Congressmen signed the joint letter on February 10.

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The letter emphasized India's importance as a strategic US ally and criticized Biden administration's decisions.

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Congressmen argued the case should have been deferred to Indian authorities as all parties involved were in India.

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The letter suggested the case could harm US-India relations ahead of potential Trump presidency.

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Adani Group had previously rejected DoJ's allegations as baseless in November 2023.

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Adani stocks showed strong performance with Adani Green Energy and Energy Solutions gaining over 3%.

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The letter questioned DoJ's motives in pursuing the case without clear injury to US interests.

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