The U.S. Department is close to dropping criminal fraud charges against Gautama Adan, an Indian billionaire who has promised to invest $ 10 BN (1.29 trillions) in the U.S economy, according to two sources familiar with the matter.
Adan on Thursday resolved a related civil fraud lawsuit brought by securities and exchange commission (SEC) over an alleged scheme to bribe Indian government officials, subject to court approval. Adan group did not respond to a request for comment from Reuters on the report of criminal charges being dropped. It has previously allegation baseless.
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