US SEC settles civil lawsuit against Indian billionaire Adani subject to court approval
The Justice Department is close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the US economy, according to two sources familiar with the matter.
Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India, November 30, 2024. Photo: REUTERS/Stringer/File Photo
The US Securities and Exchange Commission on Thursday settled a civil lawsuit against Indian billionaire Gautam Adani, subject to court approval, court records showed.
The Justice Department is close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the US economy, according to two sources familiar with the matter.
Keep updated, follow The Business Standard's Google news channel
