Adani’s Billionaire Brother Starts to Retreat as Scrutiny Builds
Vinod Adani, Gautam's brother who's seen as a key figure in the family empire, has cut ties with three companies linked to a mining project in Australia.
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It’s been three months since a short seller in New York roiled Gautam Adani’s empire, wiping out almost $120 billion in market value, invigorating India’s opposition party and spurring the country’s top court to investigate.
Still, questions raised by Hindenburg Research linger. Chief among them: What’s the extent of Adani Group’s dealings with Gautam’s older brother, Vinod?