Home / Business and Economy / Adani Green Settles US Fraud Claims for $18M
Adani Green Settles US Fraud Claims for $18M
15 May
Summary
- Adani Green Energy share price dropped by 2.36% on May 15, 2026.
- Gautam Adani and nephew Sagar to pay $18 million to settle SEC allegations.
- US Justice Department may drop $265 million bribery and fraud charges.
Adani Green Energy Limited's stock experienced a downturn on May 15, 2026, with its share price falling by 2.36% to INR 1,381.50 on the NSE. This trading activity occurred as Gautam Adani is reportedly close to resolving significant legal challenges in the United States. Months of battling allegations, including fraud and bribery, may soon conclude.
A proposed agreement filed in federal court on Thursday, May 15, details that Gautam Adani and his nephew Sagar have consented to pay a total of $18 million. This payment aims to settle Securities and Exchange Commission (SEC) allegations concerning false and misleading representations about Adani Green Energy Ltd.
Adding to this development, a report from Thursday, May 15, suggests the US Justice Department is prepared to withdraw criminal charges. These charges previously involved $265 million related to bribery and fraud allegations against Gautam Adani, indicating a significant shift in the legal landscape for the industrialist.
