US Authorities Move to End Fraud Cases Against Gautam Adani

US authorities are moving to resolve the fraud charges against Indian billionaire Gautam Adani, according to people familiar with the matter, and end a criminal case that’s hung over Asia’s richest person for more than a year.

Adani is in talks over a potential $15 million to $20 million settlement of a civil fraud case that the Securities and Exchange Commission brought against Adani and others in November 2024, said one of the people, who asked not to be identified discussing a confidential matter, adding that Gautam would pay a portion of that. The conglomerate is also nearing an agreement to pay roughly $275 million to settle a separate Office of Foreign Assets Control probe involving the company, the person said.