While Gautam Adani’s net worth has fallen by more than $90 billion since Hindenburg released its report on January 24, Forbes found that his brother Vinod has a $6 billion fortune of his own. In ...

The Adani Mundra Port—now India’s busiest—became the crown jewel of Adani Ports and Special Economic Zone (SEZ), the conglomerate’s $2.2 billion (2022 sales) logistics company.

The report explained that in one complex structure, a Vinod Adani-controlled company invested in the “Global Dynamic Opportunities Fund” (GDOF) in Bermuda, a British overseas territory and tax ...

Behind the scenes, another family member has played a pivotal role in the company—and the activities that critics say misled investors: his elder brother, Vinod Adani.

Vinod Adani could not be reached for comment. Requests for comment sent to his holding company in Dubai, Adani Global Investment DMCC, were not responded to.

His father, Shantilal Adani, was a textile merchant, and his mother, Shanta Adani, supported the family’s modest lifestyle. Adani’s story of rags to riches is admired in India.

Another proposal for a 2.8-million-rupees ($33,035) settlement is from Emerging India Focus Funds (EIFF), a Mauritius-based foreign portfolio investor that the SEBI says is linked to Vinod Adani ...

All the ten Adani group stocks slumped in early trade on Monday, with Adani Energy tumbling 17 per cent, after the US short-seller Hindenburg Research alleged that SEBI chairperson Madhabi Puri ...