US government agrees to settle lawsuit with one of the world's richest people | AP News
The U.S. government settled a lawsuit against Indian billionaire Gautam Adani over alleged bribery in a solar energy project.Summary
The U.S. government agreed to settle a lawsuit against Indian billionaire Gautam Adani and his nephew Sagar Adani, who were accused of concealing a bribery scheme related to a solar energy project in India. The SEC alleged that the Adani Group promised bribes to secure government contracts while assuring investors of compliance. Adani paid $6 million in civil penalties, and his nephew paid $12 million, with no admission of guilt. Criminal charges against them were dropped after President Trump's election, which suspended the Foreign Corrupt Practices Act. The case highlights Adani's controversial business practices and political ties, despite his company's claims of innocence and allegations of stock manipulation by short-seller Hindenburg Research.
(Source：Google News)