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Adani Close to Settling US SEC Lawsuit
May 15, 2026
Adani Group’s Chairman, Gautam Adani is close to resolving legal cases with both the SEC and the Justice Department. He and his nephew Sagar Adani have agreed to pay a combined $18mn to settle SEC allegations that they made false and misleading statements about Adani Green Energy’s compliance with anti-bribery laws in connection with a $750mn bond offering. The SEC had originally alleged in November 2024 that Adani orchestrated a scheme to bribe Indian government officials with hundreds of millions of dollars to secure contracts for India’s largest solar power project. In parallel, the Justice Department is also moving to drop its fraud charges against Gautam Adani in a related criminal case. The proposed settlement still requires a judge’s approval, with analysts viewing the development as highly positive for the group’s reputation and fundraising prospects going forward.
Adani Green’s 6.7% 2042s were up by 0.8 points to 98.1, yielding 6.9%.
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