Adani Group founder settles SEC fraud charges for $6 million

Gautam Adani, founder of the Adani Group, has agreed to pay $6 million to settle fraud charges brought by the U.S. Securities and Exchange Commission (SEC). The SEC accused him of violating securities laws by making false statements about Adani Green Energy. His nephew, Sagar Adani, also agreed to pay $12 million as part of the proposed settlement. AI

RANK_REASON Settlement of regulatory charges against a prominent business figure.

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• Adani Green Energy
• Adani Group
• Gautam Adani
• Sagar Adani
• U.S. Securities and Exchange Commission (SEC)

• policy
• other

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