US Securities Regulator Moves to Settle Adani Civil Case

The SEC asked a federal court to approve final judgments settling a civil case against Gautam Adani and his nephew Sagar Adani, requiring payments of $6 million and $12 million respectively over allegations they orchestrated payments equivalent to hundreds of millions of dollars in bribes to secure above‑market energy purchase commitments that benefited Adani Green; the Adani Group has rejected the allegations as baseless.