The likely move comes as the U.S. Securities and Exchange Commission struck an $18 million deal to settle a parallel civil lawsuit.

The about-face came after Adani hired one of President Donald Trump’s former personal attorneys, according to the New York Times.

US authorities are nearing a resolution for fraud charges against Indian billionaire Gautam Adani. The Justice Department may drop its case soon. The Securities and Exchange…

Adani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A settlement with the SEC for $18 million…

US authorities are likely to drop fraud charges against billionaire industrialist Gautam Adani and settle a parallel civil case, according to reports by Bloomberg and New York…