EXCLUSIVE: Investigation Names Gautam Adani’s Brother As Key Player In Adani Group’s Deals | Forbes

Vinod Adani was at the heart of two massive Adani Group deals with French energy giant TotalEnergies, according to Indian filings. Forbes also found that Vinod is nearly five times richer than previously known.

Vinod is much wealthier than previously thought. Forbes found that he owns eight Mauritius-based firms that hold $12.3 billion of shares in Adani Group companies, plus Ambuja and ACC. Accounting for pledged shares plus the cost to buy Ambuja and ACC, Forbes estimates that Vinod is worth $6 billion. Forbes previously attributed the value of those shares to Gautam; his revised net worth is now $33.4 billion—a sharp fall from his peak of $158 billion last September, when he was the world’s third-richest person.

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[jazzmk]

Dear forbes. Please do something about EVM scam.. save indian democracy

[LoyMachedo]

Someone should have told Gautam this piece of attract too much attention to yourself or brag how great your achievements especially when your foundation is built of false pretext. Best part, one should seriously be dumb enough to accept that Gautam's wealth grew 100% to 300% by magic in 2 years and from being relatively unknown to the 2nd richest man in the world??? Indians maybe they need to stop watching too many Bollywood movies and come down to reality. LM

[bhaskarroy]

India wants foreign money, not reporting...

[lg]

Don't worry, the greatest Gautam Das (servant) his excellency Narendra Modi will save his master. Wait for a stellar comeback by Adani. Naysayers wont be able to say anything.

[calalitagrawal]

ADANI must return all #FPO investors money by HOLI to get equity investors confidence back

[jebybenzy]

Lol who cares real culprits here my govt is back of AAP which is not even 1/4 th of their party shamelessly attacking them since they couldn't defeatntyem😂

[kiran]

It's not may or may not, but it is

[sapandesai]

Keep your knowledge and research to you only .

[cse__abdulshariqkalim]

The speed of roaring back will be more than double the speed the adani group went down.The report is completely made based on numbers and not on ground reality.

[hibudy]

Being an Indian seeing my fellow people act this stupid in the comment section hurts. It is scary if people truly believe in this narrative of propaganda and conspiracy by western countries...the country's future is doomed </3

[sbv]

Forbes should not bother India too much, they feel Rahul Baba is great economist. Except over valuation nothing wrong with Adani stocks . Wait for few more months .

[c.rajendranchinnasamy]

Our Indian Govt. will definitely take appropriate action against these Adani guys, if found they manipulated their companies 's accounts to jack up the prices of their company shares to unrealistic levels with the sole intention of duping the public and the banks ...

[theabhishekmondal]

*Western Propaganda*
They did same with Great company like Infosys in 2019
Adani Enterprise stock was down 90% in 2015..Adani stock down to 60 from 700
But he come back 60 share now 1600!!! 💪🇮🇳💪🇮🇳

Edit: now 1800💪🇮🇳

[rajnishpathak]

you are exposed here, why the foreign media trying to connect Modi and Adani? Let the our opposition leaders do their duty. you are behaving like opposition party of INDIA.

[sapandesai]

First speak properly his Name . You guys dot speake even property. Rubbish.