Could trouble for Adani trip up Narendra Modi?
Repercussions from Hindenburg report reach into political sphere as spotlight falls on tight-knit relationship between India’s prime minister and the billionaire
Gautam Adani is a hard man to avoid in India. Whether it’s electricity, ports, power plants, coalmines, airports, cement, solar panels, apples, edible oils, storage of data or grains or even a television news channel, the colossal empire of India’s most powerful billionaire has reached into almost every corner of Indian life.
According to Adani, his staggering rise from a nondescript diamond merchant in Gujarat to Asia’s richest man – whose wealth at one stage surpassed Jeff Bezos – and with whom much of India’s future development has been entrusted, is due only to “hard work, hard work, hard work”. His own successes, he has said, are the successes of the “India growth story”.
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