The U.S. fraud case against Indian tycoon Gautam Adani is stalled, raising questions about its future amid shifting U.S.-India relations.

Gautam Adani, one of India's wealthiest businessmen, was indicted by the U.S. Department of Justice on charges of wire and securities fraud over a year ago. Since then, the case has seen little progress, raising concerns about its future. The indictment came amid a significant shift in U.S.-India relations, with the U.S. imposing high tariffs on Indian exports. Adani is accused of conspiracy to commit bribery and defraud investors, but the legal proceedings have stalled due to various factors, including staffing shortages and a government shutdown. The Securities and Exchange Commission's civil case against him is also on hold, pending the serving of a summons. Despite these legal challenges, Adani's companies continue to thrive, securing major contracts and improving their financial standing.