Asia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme. One result of the U.
India ’s opposition Congress party leader Rahul Gandhi, center, addresses the media on India n businessman Gautam Adani, after Adani was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India , in New Delhi, India , Thursday, Nov. 21, 2024. Image behind shows Adani, on left with India n Prime Minister Narendra Modi , on right.
Adani companies, India’s second-largest conglomerate, operate airports in major cities, build roads, generate electricity, manufacture defense equipment, develop agricultural drones, sell cooking oil and run a media outlet. Despite his fossil fuel roots, the billionaire Adani Green aims to become the world’s largest renewable energy player by 2030.
Ramesh said his party has been ``bringing out the various dimensions of these scams and the intimate nexus between the PM and his favorite businessman. These questions have remained unanswered.”
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