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Al Jazeera
Al Jazeera
Business

Who is Gautam Adani and why is he controversial?

The rise of Indian billionaire Gautam Adani has been meteoric [File: Tomohiro Ohsumi/Bloomberg]

Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, in less than two weeks and wiped more than $110bn from his listed firms in India.

With investor confidence shaken, legislators have demanded an investigation into his businesses. Here’s a look at who Adani is, what concerns have been raised and what has happened since.

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