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

Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to pay a combined $18m in penalties to settle a civil fraud lawsuit filed by the US Securities and Exchange Commission. In 2024, the regulator had accused the Adanis… Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to pay a combined $18m in penalties to settle a civil fraud lawsuit filed by the US Securities and Exchange Commission. In 2024, the regulator had accused the Adanis of paying bribes to Indian officials for high-profile renewable energy projects and misleading US investors [...] The post India’s Adanis agree to pay $18m to settle civil fraud case in the US appeared first on Kahawatungu.