Gautam, Sagar Adani Agree to Pay $18 Million Total Over SEC Case

Gautam Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations they made false and misleading representations about Adani Green Energy Ltd.

Gautam Adani would pay $6 million and Sagar would pay $12 million to end the SEC’s November 2024 lawsuit, under the proposed agreement filed in federal court Thursday, which still needs a judge’s approval.