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The Economic Times
The Economic Times

Adani settles SEC case, criminal charges set to be dropped — a 17-month legal battle winds down

Gautam Adani United States SEC Sagar Adani Adani Green Adani Green Energy Adani Green Energy Ltd Adani Group Justice Department Securities and Exchange Commission

Gautam 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.

Gautam Adani would pay $6 million and Sagar would pay $12 million to end the SEC’s November 2024 lawsuit, under the proposed agreement filed in federal court Thursday, which still needs a judge’s approval.

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