The Adani Enigma: A Case Study in Regulatory Whiplash The sudden dismissal of a graft case against Indian billionaire Gautam Adani has left many wondering about the motivations behind this decision.
On its face, the US court's ruling appears to be a victory for the Adani Group, but closer examination reveals a complex web of regulatory maneuvers that raise more questions than answers.
The case was sparked in 2024 by allegations of bribery and securities fraud against Adani and seven others under the Foreign Corrupt Practices Act (FCPA).