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…

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…

Experts say Adani SEC settlement could end US civil proceedings without admission of guilt and may improve global investor sentiment.