Adani's indictment: How one of India's biggest empires descended into chaos

Gautam Adani, chairman of India’s Adani Group, was indicted in New York federal court for his involvement in a bribery and fraud scheme, leading to a steep drop in the conglomerate’s shares. Adani Enterprises, a major conglomerate in India, faced allegations of accounting fraud and stock market manipulation by short seller Hindenburg Research. Despite a series of allegations and investigations, Adani remains a prominent figure in India’s business landscape as the richest person in Asia.

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