Adani nears US SEC settlement on $250M bribery case; DOJ may drop criminal charges
Gautam Adani to pay $6M and Sagar Adani $12M without admitting guilt under proposed SEC settlement covering 2020-2024 allegations. Parallel DOJ criminal case may also be dropped, removing a major overhang on the conglomerate's retail, ports and infrastructure arms and easing access to global capital markets.
Adani Group nears settlement with US SEC over alleged $250M bribery case, with Gautam Adani paying $6M and Sagar Adani $12M without admitting guilt. DOJ may also drop criminal case, easing pressure on conglomerate's retail and global operations.