Indian Billionaire Gautam Adani Agrees to Pay Millions in US Corruption Lawsuit Settlement

Indian billionaire Gautam Adani has agreed to pay millions in fines to settle a civil corruption lawsuit in the United States, which accused him and associates of misleading investors and bribery to secure solar energy contracts. Adani Green Energy stated that Gautam and Sagar Adani will pay an $18 million 'civil penalty' without admitting guilt, though the company is not a direct party to the case. The settlement comes as US prosecutors reportedly consider withdrawing some charges.