The Adani Group chairman and his nephew agreed to pay $18 million in a case brought by the U.S. Securities and Exchange Commission (U.S. securities regulator), without admitting wrongdoing.
Gautam Adani and his nephew Sagar Adani have settled a lawsuit brought by the U.S. Securities and Exchange Commission (U.S. securities regulator) for $18 million, according to the post. The settlement was reached without an admission of wrongdoing. The case adds to scrutiny around the Adani Group and its top executives, though the provided material does not include further allegations or court details.