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Gautam Adani and nephew Sagar to pay $18 million in US SEC settlement over Adani Green claims
International
Published on 15 May 2026
Sagar pays double what Gautam does
Gautam Adani and his nephew Sagar have agreed to pay $18 million in total to settle US Securities and Exchange Commission allegations that they made false and misleading statements about Adani Green Energy Ltd. The proposed deal—$6 million from Gautam and $12 million from Sagar—must still be approved by a judge. Separately, the US Justice Department is reportedly seeking to drop fraud charges in a parallel criminal case, which could help clear the way for Adani’s return to international capital markets.
- Gautam Adani to pay $6 million in the SEC settlement
- Sagar Adani to pay $12 million, totaling $18 million
- The SEC case alleged misleading claims about Adani Green’s anti-bribery compliance
- Adani Green raised at least $175 million in a US bond offering
- A proposed settlement awaits judge approval in federal court
- Justice Department reportedly moving to drop parallel fraud charges
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times