The statement announcing the indictment also included a statement by Peace: "My office is committed to rooting out corruption in the international marketplace and protecting investors from those who seek to enrich themselves at the expense of the integrity of our financial markets."
The indictment came about a week after Adani congratulated President-elect Donald Trump on social media and announced plans to invest in US energy and infrastructure projects.
Peace was appointed by President Joe Biden as the 48th US Attorney for the Eastern District of New York (EDNY), with strong endorsement from Democratic Senator Chuck Schumer, who also acknowledged his support on social media during Peace's investiture.
Earlier, Peace had also successfully prosecuted pro-Trump social media influencer Douglass Mackey for conspiring to intervene in the 2016 elections.
Peace did not respond to emailed queries. "The Department of Justice media guidelines prohibit us from commenting on matters after the announcement of a criminal case or answering questions that go beyond what's in the public record," a spokesperson for the US Attorney's Office said.
The Adani group has denied the allegations in the indictment as "baseless." It also said it will explore legal recourse in the matter.
The indictment is only the first step after an investigation, to be followed by various other steps.
The US authorities will also need to present evidence of wrongdoing to press their case.
Lawyers, meanwhile, have praised Peace for his professional achievements.
Russell A. Stamets, partner at law firm Circle of Counsels, highlighted Peace's strong reputation and diverse background, making him a formidable opponent.
This story is from the November 25, 2024 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 25, 2024 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Can you escape your own history?
Chelsea Bieker, known for her emotionally charged narratives, adds another thought-provoking title to her repertoire with Madwoman.
Life has completely changed: Aditi Sharma on welcoming daughter
Actor-couple Aditi Sharma and Sarwar Ahuja are overjoyed after welcoming their second child, a daughter.
Fans abroad enjoy our music more, says Javed Ali
Singer Javed Ali, who recently had performances in Mumbai and Australia, feels there is a \"major difference\" for Indian artistes who do shows at home and abroad.
ALI FAZAL: FORMULA FILMS WORK ONCE, NOT FOREVER
Ali Fazal challenges filmmakers to move beyond formulaic storytelling and embrace creativity
Krishan Kumar's wife alleges daughter Tishaa died of misdiagnosis, not cancer
Film producer Krishan Kumar faced a harrowing personal tragedy earlier this year when his 20-year-old daughter, Tishaa Kumar, passed away.
I am drawn towards intriguing and unique characters: South Korean actor Lee Se Young
Ask South Korean actor Lee Se Young, who played the female lead in the recently concluded cross-cultural romantic drama, What Comes After Love, shares what she loves about India. She is ready to reel off a long list of things.
'I have been typecast on OTT,' says Tusshar Kapoor
While OTT platforms have presented actors with the opportunity to take up unique projects, actor Tusshar Kapoor feels that he has mostly been typecast on such platforms.
Neeraj Pandey's Tom and Jerry-esque thriller is half-decent
Neeraj Pandey knows his audience. He likes to keep them guessing in his thrillers, from Special 26 (2013) to Baby (2015).
Smells like queen spirit: All about hair perfumes
Hair perfumes have become a popular way to keep your locks smelling fresh. Even brands like Sol de Janeiro and Nish Hair are capitalising on this trend with innovative formulations.
Ahead of her concert, Dua spotted on dinner date with beau
Ahead of her Mumbai concert tonight, Grammy Award-winning singer Dua Lipa is making the most of her time in the city.