Gautam Adani
Indian billionaire businessman
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January 13 2025 | Attended the Maha Kumbh Mela in Prayagraj with his family, where the Adani Group collaborated with ISKCON to organize Mahaprasad Seva, providing free meals to devotees during the festival. |
2024 | In response to the bribery charges against Gautam Adani, Kenya canceled over US$2.5 billion related to the takeover of Jomo Kenyatta International Airport and other energy deals, amid concerns about potential breach of contract liabilities. |
November 21 2024 | Gautam Adani and his associates were charged by a district court in New York for paying bribes exceeding US$250 million to Indian government officials to secure favourable energy contracts, leading to a significant drop in his net worth by $12 billion. |
November 20 2024 | A five-count criminal indictment by the U.S. Attorney's Office in Brooklyn, New York, charged Adani and executives with bribery, alleging that Adani paid over $250 million in bribes to Indian government officials to secure contracts in multiple states. |
January 2024 | The Supreme Court resolved the Adani Group stocks dispute arising from Hindenburg Research's allegations and dismissed requests for an SIT or CBI investigation. |
August 2023 | The Organised Crime and Corruption Reporting Project (OCCRP) reported that it had documents proving that the Adani Group used individuals and front companies to manipulate the stock market, specifically regarding Adani stocks, violating Indian securities laws. |
February 1 2023 | The Adani Enterprises public offering was cancelled on 1 February 2023, following the adverse effects of the Hindenburg Research report. |
January 2023 | American short selling activist firm Hindenburg Research accused Adani of stock manipulation and fraud. |
January 27 2023 | On 27 January 2023, the Adani Enterprises' follow-on public offering opened at 6 pm, amidst the controversy generated by the Hindenburg report. |
2022 | In February, Adani became Asia's richest person, surpassing Mukesh Ambani. |
2022 | Time magazine included Gautam Adani in its list of the 100 most influential people in the world. |
2022 | In August, Adani was named the 3rd richest person in the world by Fortune. |
December 2022 | By this time, Gautam Adani was described as controlling the largest shareholding in NDTV. |
August 2022 | AMG Media Networks Limited, part of Adani Group, announced a plan to acquire a significant stake in the national news broadcaster NDTV, raising concerns over editorial independence. |
May 2022 | The Adani family acquired Ambuja Cements and its subsidiary ACC from Holcim Group for $10.5 billion. |
2020 | A Mumbai sessions court overturned the clean chit previously granted to Gautam Adani in the cheating and criminal conspiracy case. |
September 2020 | Adani acquired a 74% stake in Mumbai International Airport, which is India's second busiest airport. |
May 2020 | Gautam Adani won the world's largest solar bid, valued at US$6 billion, from the Solar Energy Corporation of India for an 8000MW photovoltaic power plant project. |
2018 | In 2018, two former gangsters accused of abducting Gautam Adani and Shantilal Patel in 1998 were acquitted in an Indian court after Adani and Patel did not show up for depositions. |
May 2014 | A local court in Mumbai discharged Gautam Adani and others accused in the case related to the Serious Fraud Investigation Office. |
2012 | Completed acquisition of Carmichael coal mine in Queensland, Australia. |
2012 | An Indian government auditor accused Prime Minister Narendra Modi of providing low cost fuel from a Gujarat state-run gas company to Gautam Adani and other businesspeople. |
2012 | The Serious Fraud Investigation Office filed a charge sheet against twelve accused including Gautam Adani for cheating and criminal conspiracy related to the purchase and sale of shares. |
2010 | Adani continued his international expansion by acquiring the Carmichael coal mine in Queensland, Australia. |
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