US authorities are moving toward resolving fraud charges against billionaire Gautam Adani, Bloomberg and New York Times reported citing sources. The US Department of Justice (DOJ) could announce as early as this week that it is dropping the charges against Adani and other defendants. At the same time, the US Securities and Exchange Commission (SEC) is also working toward settling a parallel civil fraud case filed in November 2024, Bloomberg reported. Financialexpress.com could not verify the news independently. However, we have reached out to Adani Group seeking clarification and details. The article will be updated as soon as we hear from the company or it issues an official statement on the matter.