In a significant relief for Gautam Adani, the US Justice Department has withdrawn criminal charges and closed the securities and wire fraud against the billionaire businessman, according to a court filing cited by PTI.

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

NEW DELHI: Adani Group chairman Gautam Adani and his nephew, Sagar, executive director of Adani Green, are set to settle a civil fraud case in the US by paying combined penalties…

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

The US Justice Department is close to dropping criminal fraud charges against Mr Adani.

MUMBAI: The legal cases that the Adani Group and its various top officials, including Gautam Adani, the group’s chairman, were facing in the US came to an end on Monday.