The U.S. government has agreed to settle a lawsuit filed against one of the world's richest people who is accused of duping investors by concealing that his company’s huge solar energy project in India was being facilitated by an alleged bribery scheme, according to court filings published Thursday.
In the lawsuit filed in late 2024, the Securities and Exchange Commission accused Indian billionaire Gautam Adani and his nephew Sagar Adani — both leaders of the energy company Adani Green Energy Limited — of promising to pay Indian government officials the equivalent of hundreds of millions of dollars in exchange for government contracts to purchase energy at inflated rates.
