US Authorities Move to End Fraud Cases Against Gautam Adani

US authorities are moving to resolve the fraud chargesBloomberg Terminal 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 it’s 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.