US DOJ On Adani Case: 'Not A Single Penny Lost' | DOJ Backs Charges' Dismissal Against Adani Group

The US Department of Justice (DOJ) has defended its decision to drop all criminal charges against Indian billionaire Gautam Adani and his nephew, Sagar Adani, telling a federal court that investors suffered no financial losses and that the case was weakened by significant legal, jurisdictional and evidentiary shortcomings. In a detailed submission before the US District Court for the Eastern District of New York, the DOJ said, "Not a single penny has ever been lost on the securities at issue," arguing that the absence of investor losses undermined the basis for criminal prosecution. The department noted that two of the four debt offerings central to the case have already been fully repaid, while the remaining two continue to be serviced on time, with no indications of default or financial distress. For more videos subscribe to our channel:    / @ndtvprofitindia   Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-r... Follow NDTV Profit here Twitter:   / ndtvprofitindia   ,   / ndtvprofit   LinkedIn:   / ndtvprofit   Telegram: http://t.me/ndtvprofitnews