Overview

• Breon Peace, US Attorney for the Eastern District of New York, announced his resignation effective January 10, 2025.
• Peace's office indicted Adani Group chairman Gautam Adani and associates in November 2024 on charges of defrauding US investors through a bribery scheme tied to Indian government contracts.
• The Adani Group has denied the allegations, calling them baseless, and claimed the charges stem from a misunderstanding of one contract involving Adani Green Energy.
• The indictment caused significant financial fallout for the Adani Group, including market losses, project cancellations, and scrutiny from investors and partners.
• Carolyn Pokorny, currently First Assistant US Attorney, will serve as Acting US Attorney following Peace's departure.