I used to consider grand jury indictments to indicate that something was going on. Then someone close to me was indicted. That's when I learned that it takes almost nothing to get an indictment. In the case I know best it was less than nothing. When the case finally made it to a judge and was heard the judge realized how bad it was and through it out.
Those indictments come from a group of people who hear only one side, there is no one there to question the validity of what they are told, and they are basically being asked to let it go to court and so I don't think they see it as so bad if they are wrong, it can work out in trial.