India's Adanis agree to pay $18m to settle civil fraud case in the US

The proposed deal is subject to a court's approval but markets responded positively to the developments, with Adani Group firm shares rising on Friday. The Adani Group is one of India's largest business conglomerates with interests in sectors including energy and airports.

According to Forbes, the 63-year-old Adani is worth $82bn, making him one of the world's richest people. Giuffra was one of the lawyers that Trump hired to appeal against his criminal conviction in the hush-money payment case .

According to reporting from the Times, Giuffra met last month with justice department officials, to lay out concerns about the case. Sources reportedly told the Times that the dismissal reflected a broader move away from prosecuting foreign bribery cases under the Trump administration.

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