Gautam Adani: The Rise, Allegations, and a Steep Fall in Fortune
Gautam Shantilal Adani, the prominent Indian billionaire industrialist, has been at the center of attention in recent years. As the founder and chairman of Adani Group, a multinational conglomerate involved in port development and operations, Adani has been influential in shaping India’s infrastructure landscape. However, his close ties with Prime Minister Narendra Modi and the Bharatiya Janata Party have raised concerns of cronyism. In January 2023, Adani faced a major setback when accusations of stock manipulation and fraud emerged, resulting in a significant decline in his family’s fortune. As of March 2023, Adani’s net worth plummeted by over 50% to…