Court documents show that Gautam Adani agreed to pay civil penalties of $6 million while his nephew agreed to pay $12 million. The proposed settlement doesn't include an admission of guilt.
While the DoJ could effectively move to drop the charges with the defendants out of the country, a resolution to the SEC would likely involve a monetary penalty, sources said.
As per the rankings released on Friday, Gautam Adani, Founder and Chairman of the Adani Group, now ranks 19th globally with a net worth of USD 92.6 billion.
Gautam Adani, who is worth USD 82.5 billion according to the Bloomberg Billionaire Index, has been jostling with Ambani for the spot of the richest person in Asia.
