Gautam Adani to Settle With SEC, Nears End of US Legal Woes (2)

Gautam Adani is on the cusp of ending a series of legal threats in the US, paving the way for Asia’s richest man to ramp up investment and capital raising after months of battling allegations including fraud and bribery.

Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations they made false and misleading representations about Adani Green Energy Ltd., according to a proposed agreement filed in federal court Thursday.

Gautam Adani

Photographer: Indranil Aditya/Bloomberg

The SEC alleged in a November 2024 lawsuit that Adani spearheaded an effort to pay or promise hundreds ...