Why is Gautam Adani’s Indian empire in turmoil?

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Gautam Adani, 60, is a publicity-shy school dropout of humble origins who rose to become fabulously rich.The business empire of Gautam Adani is in mayhem, losing more than $100 billion in value and sending the Indian tycoon tumbling down the global rich list after allegations of major accounting fraud.

 Who is Gautam Adani? –

Adani, 60, is a publicity-shy school dropout of humble origins who rose to become fabulously rich.

Moving to Mumbai in his teens to work sorting diamonds, he formed his own import-export business. His big break came in 1995 when he acquired a shipping port just as India’s economy was opening up.