US authorities are moving to resolve the fraud charges against billionaire Gautam Adani, according to people familiar with the matter, and end a criminal case that’s hung over Asia’s richest person for more than a year.
The Justice Department may announce that they’re dropping the charges as soon as this week, said the people, who asked not to be identified discussing a confidential matter. The Securities and Exchange Commission (SEC) is also moving to settle a parallel civil fraud case it brought against Adani and others in November 2024, some of the people said.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
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