An American court has also issued a warrant against 7 people including Gautam Adani.
How Gautam Adani got embroiled in controversies, know here News in Hindi: Gautam Adani is the second richest businessman not only in India but also in Asia. Early last year, American short seller Hindenburg Research had made serious allegations against him. Now, before the end of the year, US prosecutors have filed serious bribery charges. The special thing is that an American court has also issued a warrant against 7 people including Gautam Adani.
Not only India but the whole world is surprised to see the progress of Gautam Adani in the last few years. In the year 2022, Gautam Adani became the third richest businessman in the world with a wealth of $ 150 billion. In such a situation, it is natural to discuss about them. From where the story of Gautam Adani's development is connected. On the other hand, there was a lot of discussion about the controversies of Gautam Adani. Today we turn to the pages where many stories of Adani's neglect have been published.
From Taj Hotel to Hindenburg
Indian billionaire Gautam Adani, convicted in New York in a $265 million bribery case, is a first-generation businessman. Gautam Adani, Asia's second-richest man and one of several people trapped in Mumbai's Taj Hotel in 2008, is facing a US arrest warrant and criminal conviction on fraud and bribery charges. From power and ports to sugar and soybean, Adani Group's combined markets have suffered losses of more than $150 billion. The story comes after US short seller Hindenburg Research accused Adani Group of abusing offshore tax havens. After a long struggle, Adani paid compensation of 141 billion dollars. At present, the market cap of Adani Group is more than $ 141 billion.
when the money was lost
High school dropout Gautam Adani, 62, has become the third richest businessman in the world. His net worth reached 150 billion dollars. According to the Bloomberg Billionaires Index, Adani's net worth reached $37 billion on January 23, 2023, after the release of the Hindenburg report.
After this, albeit slowly, his business came back on track and he again joined the list of 10 richest people in the world and this year his total wealth crossed 120 billion dollars. Now Adani's total wealth has reached below $175 billion. As of November 11, his net worth was more than $10 billion.
Questions raised in Australia and Bangladesh
The story of Gautam Adani's controversy was not limited to Mumbai, Gujarat or the borders of India. Also seen in other countries. Questions have been raised over the group's coal and power projects and other deals in countries such as Australia and Bangladesh; Indian opposition leaders have attacked Prime Minister Narendra Modi's government, citing Adani's involvement in the redevelopment of Dharavi. In which it was alleged that the government has benefited Adani by selling Dharavi land at high prices. However, the government and Adani have denied the allegations in this case.
US officials said on Wednesday that Adani and seven others had agreed to bribe Indian government officials to get a supply link that could lead to $2 billion in profits over 20 years and India's largest solar power plant. However, Adani Group has denied all these allegations.
This is how the journey began
Born on June 24, 1962, in Ahmedabad city in the western state of Gujarat – which is also Modi's home state – Adani left school at the age of 16 after completing the 10th grade. He founded Adani Group in 1988, which started with commodity trading. Gautam Adani himself expanded and expanded his business. He did not get any wealth. He belonged to a middle-class family, which ran a clothing business. His wife's name is Preeti Adani who is a dentist. His two sons Karan and Jeet are handling many businesses of Adani Group.
According to people familiar with Gautam Adani's business, he has a “very hands-on” style of running his empire, adding that he aims to hand over the business to the next generation of the family when he turns 70. In interviews with local and foreign media, Adani has described himself as a shy person and attributed his rise in popularity to his political attacks. Soon after Donald Trump's victory in the recent US elections, Adani congratulated him on his victory on Twitter and wrote that his group will invest $10 billion in US energy and infrastructure projects. Due to which 15,000 jobs are likely to be created in America.
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