Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon [Yahoo! Finance]
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inside Mumbai's Taj Mahal Palace Hotel when gunmen went on a killing spree, faces a U.S. arrest warrant and criminal penalties over the fraud and bribery charges. Adani's businesses, ranging from power and ports to sugar and soybeans, lost more than $150 billion in combined market value last year after U.S.-based short seller Hindenburg Research accused his eponymous group of using offshore tax havens improperly. The group, which recouped some of the losses and now has a combined valuation of $141 billion, denied all of the allegations. Before shares in Adani Group companies tanked last year, the 62-year-old high school dropout had briefly become the world's wealthiest person after Tesla CEO Elon Musk. Adani is now the 25th richest person with a net worth of about $57.6 billion, according to Forbes. While the group's coal and power projects and other deals have been questioned in countries such as Australia and Bangladesh, Indian opposition leaders have regularly used Adani to h
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