New Delhi, May 15 -- Gautam Adani is on the cusp of ending a series of legal threats in the US, paving the way for Asia's richest man to ramp up investment and capital raising after months battling allegations including fraud and bribery.

Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations they made false and misleading representations about Adani Green Energy Ltd, according to a proposed agreement filed in federal court Thursday.

The SEC alleged in a November 2024 lawsuit that Adani spearheaded an effort to pay or promise hundreds of millions of dollars in bribes to Indian officials to win contracts Adani Green needed to develop India's largest solar power plant proje...