US SEC files proposed settlement of civil fraud claim against billionaire Adani
( May 14, 2026, 22:50 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission moved for entry of final judgments by consent as to Gautam Adani and Sagar Adani to resolve allegations that they made false statements to investors concerning a scheme to pay, or promise to pay, the equivalent of hundreds of millions of dollars in bribes to Indian government officials in exchange for commitments to purchase energy at above-market rates.Statement follows below. Documents attached....
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