Prosecutors, however, told Adani's counsel that investment offer will play no role in resolution. He is still likely to incur about $300 mn penalties in separate cases, says report.

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…

US drops fraud case against Indian tycoon Adani after ‘unusual’ offer