Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to pay $18 million in penalties to settle a civil fraud lawsuit by the US Securities and Exchange Commission, which accused them of bribing officials and misleading investors, while simultaneously seeing a positive market reaction and reports of the US Department of Justice potentially dropping criminal charges against him after Adani's new legal team initiated discussions with officials. #AdaniGroup #FraudSettlement #USRegulation #IN #US
Agani Group: Gautam Adani, nephew Sagar to pay $18m to settle civil fraud case in the US