US authorities moving to drop fraud charges against billionaire Gautam Adani: Report

US authorities are reportedly moving to drop charges against billionaire Gautam Adani and end a over a year-old criminal case against him. According to a Bloomberg report, the Justice Department may announce it is dropping the charges within a few days. The report, quoting people familiar with the development, also said that the Securities and Exchange Commission (SEC) is also moving to settle a parallel civil fraud case it brought against Adani and others in November 2024.