economy
Billionaire Gautam Adani and nephew agree to pay $18 million in SEC settlement over fraud allegations
Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to settle a U.S. Securities and Exchange Commission lawsuit over allegations they misled investors.
TL;DR
- Gautam Adani and his nephew Sagar Adani have agreed to a settlement.
- The settlement is with the U.S. Securities and Exchange Commission (SEC).
- Allegations included misleading investors.