Indian billionaire Adani settles US SEC case amid reports of wider resolution
By Samuel Rubenfeld ( May 15, 2026, 16:34 GMT | Insight) -- Indian businessman Gautam Adani agreed to pay $6 million to settle US Securities and Exchange Commission allegations that he lied to investors by hiding a bribery scheme when seeking to raise capital for his conglomerate’s renewables unit. The SEC settlement comes amid reports suggesting US authorities are nearing a wider resolution with Adani, Asia’s richest man, that could involve the Justice Department dismissing criminal fraud charges and the Treasury Department imposing a civil penalty for violating sanctions on Iran.Indian businessman Gautam Adani agreed to pay $6 million to settle US Securities and Exchange Commission allegations that he lied to investors by hiding a bribery scheme when seeking to raise capital for his conglomerate’s renewables unit....
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