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New Delhi: India\u2019s opposition parties have said that Prime Minister Narendra Modi has struck an \u2018Adani deal\u2019 following reports that the US Department of Justice (DOJ) has moved to drop criminal fraud charges against billionaire industrialist Gautam Adani.<\/p>\n
According to Kashmir Media Service, the development comes amid a reported settlement in a parallel civil case with the US Securities and Exchange Commission (SEC). Reports suggest the DOJ could formally dismiss the charges. Adani, chairman of the Adani Group, was indicted in 2024 over allegations of securities and wire fraud linked to an alleged $250\u2013265 million bribery scheme involving solar energy contracts in India and misleading US investors.<\/p>\n
Congress leader and Leader of Opposition in the Lok Sabha, Rahul Gandhi, directly linked the development to recent India-US trade negotiations, saying that corporate interests were being prioritized over national interests. In a post on X, he said: \u201cThe compromised PM did not strike a trade deal, but a bargain for Adani\u2019s release.\u201d<\/p>\n
Rajya Sabha MP and RJD leader Manoj Kumar Jha also described the move as \u201cquid pro quo\u201d, suggesting it raised serious questions about the India-US trade deal.<\/p>\n
D. Raja, General Secretary of the Communist Party of India (CPI), said the government\u2019s foreign policy was driven by \u201cpolitical servility rather than national interest,\u201d adding that powerful corporate interests were influencing decision-making.
\nHe said: \u201cIt is widely believed that Trump is using the legal cases against Modi\u2019s favourite billionaire Gautam Adani as leverage to arm-twist India into deals harmful to our sovereignty and economy.<\/p>\n
The opposition\u2019s criticism frames the reported US move as evidence of a deeper \u201cModani\u201d nexus \u2014 a term used by critics to point to close ties between Modi and Adani. They say the Prime Minister\u2019s administration has long shielded the Adani Group from scrutiny, both domestically and internationally.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: India\u2019s opposition parties have said that Prime Minister Narendra Modi has struck an \u2018Adani deal\u2019 following reports that the US Department of Justice (DOJ) has moved to drop criminal fraud charges against billionaire industrialist Gautam Adani. According to Kashmir Media Service, the development comes amid a reported settlement in a parallel civil case …<\/p>\n","protected":false},"author":3,"featured_media":200740,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-200739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t