Gautam and Sagar Adani orchestrated a bribery scheme that involved paying or promising to pay the equivalent of hundreds of millions of dollars in bribes to Indian government officials, alleges SEC.
The crypto firm, which until last month was a shining star among crypto investors and enthusiasts, collapsed dramatically, wiping off billions of dollars of customer deposits overnight.
Oracle Corporation will pay a fine of $23 million to settle charges levelled by the US Securities and Exchange Commission (SEC) for bribing foreign officials.
Musk's shareholding is more than four times the 2.25% stake held by Twitter founder Jack Dorsey.
