US authorities are moving to drop fraud charges against Indian billionaire Gautam Adani, according to multiple reports citing people familiar with the matter. The decision follows a meeting in which a lawyer representing Adani made what sources described as an unusual offer to prosecutors.

Adani, one of India's wealthiest individuals and chairman of the Adani Group conglomerate, has faced fraud allegations from US authorities. The specific details of the charges and the nature of the offer made by Adani's legal team have not been disclosed publicly.

The potential resolution of the fraud cases would remove a significant legal cloud hanging over the Indian businessman and his business empire. The Adani Group operates across multiple sectors including ports, power generation, and infrastructure development.

The reported move by US prosecutors comes amid ongoing scrutiny of the Adani Group's business practices. The conglomerate has faced various allegations and investigations that have affected its stock prices and business operations in recent months.

Neither the US Department of Justice nor representatives for Adani immediately responded to requests for comment on the reported developments. The timing and final terms of any potential resolution remain unclear.