Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to pay $18 million in penalties to settle a civil fraud lawsuit initiated by the US Securities and Exchange Commission, which accused them of bribing Indian officials and misleading US investors regarding anti-bribery practices, with the deal awaiting court approval while the Adani Group's shares increased in value amid the news. #BusinessNews #FraudSettlement #InvestmentEthics #IN #US
Agani Group: Gautam Adani, nephew Sagar to pay $18m to settle civil fraud case in the US