His conglomerate, Adani Group, builds and buys ports, factories and power plants, often under state contract or license.
Mr. Adani’s business empire has become central to India during the rise of Narendra Modi, first elected as prime minister in 2014.
As Mr. Modi brought India to the center of the world stage, he brought Mr. Adani in tow.
Today, Mr. Adani’s flagship company is worth about 10 times more than it was at the start of the Covid-19 pandemic.
On Wednesday, the U.S. government charged Mr. Adani, one of the world’s richest people, with multiple counts of fraud.
Persons:
Gautam Adani, Narendra Modi, Modi, Adani
Organizations:
Adani, Wall
Locations:
India, U.S