WASHINGTON, May 14 (Reuters) – The U.S. Securities and Exchange Commission on Thursday settled a civil lawsuit against Indian billionaire Gautam Adani, subject to court approval, court records showed. The Justice Department is close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S. economy, according to […]
U.S.
US SEC settles civil lawsuit against Indian billionaire Adani subject to court approval
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WASHINGTON, May 14 (Reuters) – The U.S. Securities and Exchange Commission on Thursday settled a civil lawsuit against Indian billionaire Gautam Adani, subject to court approval, court records showed.
The Justice Department is close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter.
(Reporting by Kanishka Singh, Jonathan Stempel and Bhargav Acharya in Washington)