Gautam Adani
Adani Group is a diversified organization in India with a market cap of over $212 billion as of 9th January 2023, comprising seven publicly traded companies. Adani Group is headquartered in Ahmedabad, Gujarat, India. Over the years, Adani Group has positioned itself as the market leader in its transport logistics and energy utility portfolio businesses, focusing on large-scale infrastructure development in India with O & M practices benchmarked to global standards. This company has multiple offshore projects in Arab countries and Indonesia. In recent months Adani bought NDTV (New Delhi TV), which raised many eyebrows.
Writing for the
BBC Southik Biswas, “ Critics of the sale are more skeptical. Many regard NDTV as one of India's few independent news networks, which has stayed away from the shouty jingoism of many of its peers. A study by Oxford University and the Reuters Institute for the Study of Journalism found that 76% of respondents trust information from NDTV. Mr. Adani's takeover has sparked concerns that this would hurt its editorial integrity.
The year 2023 exposes a different picture of the man behind the Adani Group. Gautam Adani is a con man; that is how the
Hindenburg Research report describes him. The title of the report reads,
‘Adani Group: How The World’s 3rd Richest Man is Pulling The Largest Con in Corporate History’. The report uses numerous damning adjectives to describe the ‘
Con,’ such as stock manipulation, money laundering, theft of taxpayer funds, corruption, forged documents, fake turnovers, siphoning money, arrested twice, forgery to fraud, making false statements, scam, and fraud in broad daylight.
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