Who Is Adani and What Are the Bribery Allegations?: QuickTake

Gautam Adani’s spot as Asia’s second-richest person is under renewed threat after US prosecutors charged him in November with suspected bribery, triggering a rout in the stocks of his companies. The Adani Group issued a statement that called the charges baseless. While Adani is relatively unknown outside his home country, he’s one of the most influential figures in India and is pushing to increase the global presence of his firms. Adani’s fortunes previously took a hit in early 2023 after allegations of stock manipulation and accounting fraud at his Adani Group were made by the New York-based investor Hindenburg ...