
US authorities are moving to end fraud cases against Gautam Adani
US authorities are moving to resolve the fraud charges against Indian 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 is also moving to settle a parallel civil fraud case it brought against Adani and others in November 2024, some of the people said.
Ending the cases would be a significant boon to the Adani Group, one of India’s most powerful companies, whose interests range from coal mining to renewable energy and airports. It also clears the decks for the conglomerate to return to international capital markets and resume its aggressive expansion strategy.
Source: theprintindia
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