Adani Group has been subject to multiple government investigations that have alleged money laundering and corruption, but it was a private investigation in 2023 that may have come closest to deflating Gautam Adani’s empire.
The research group leveled accusations that Adani family members have used offshore shell companies to generate illegitimate revenue for Adani Group firms and siphon money from the conglomerate’s publicly listed entities.
Under the control of Gautam Adani — among Asia’s richest men with a wealth of $102 billion (Sh13.5 billion), according to the Bloomberg Billionaires Index — the sprawling Indian conglomerate with interests from power to ports is no stranger to controversy.
