Indian multinational conglomerate headquartered in Ahmedabad, founded by Gautam Adani in 1988
U.S. District Judge Nicholas Garaufis has dismissed conspiracy, securities and wire fraud charges against Indian billionaire Gautam Adani and his nephew Sagar Adani with prejudice. The case, tied to a 2024 indictment over alleged bribes and misled investors, has been officially closed; prosecutors questioned the unusual process used to reach the dismissal.
The row between SpaceX chief Elon Musk and Indian billionaire Mukesh Ambani has escalated as Musk accuses Ambani of hindering Starlink and questions India’s leadership; officials say India’s regulatory framework for satellite services remains fair and non-discriminatory as Starlink waits for clearance.
Faheem Akram has been arrested after a nationwide search in Pakistan. He is accused by a U.S. grand jury of operating LabelsBank.com, a site selling over 5.1 million counterfeit postage labels at about $2 each, enabling shipments at below-market rates and causing losses to the U.S. Postal Service. Investigators say he ran the operation from August 2023 to September 2026 using 16 bank accounts. Extradition prospects remain unclear.