Mumbai: After the billionaire Indian businessman was accused in the US of paying astronomical bribes to obtain lucrative government contracts, Gautam Adani’s corporate empire is once again in disarray.
Gautam Adani is who?
Adani, a 62-year-old publicity-averse school dropout from a low-income family, became incredibly wealthy.
He started his own import-export company after moving to Mumbai in his teens to work sorting diamonds.
When he purchased a shipping port in 1995, at a time when India’s economy was expanding, it was his big break.
The Adani Group now owns stakes in everything from cement, media, food, airport terminals, Israeli ports, power generation, and coal mines in Australia.
