Billionaire Gautam Adani and nephew agree to pay $18 million in SEC settlement over fraud allegations
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Source: CNBC
Published: 2026-05-15 14:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Crime & Justice, Law & Courts, India, Labour & Workers, Fraud & Corruption, Crime & Justice
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Snippet:
The U.S. Securities and Exchange Commission on Thursday sought court approval for a settlement in its civil lawsuit against Indian billionaire Gautam Adani and his nephew, Sagar Adani, over allegations they misled investors.
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