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Billionaire Gautam Adani and nephew agree to pay $18 million in SEC settlement over fraud allegations

Posted on May 15, 2026
By CNBC
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1 min read

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.