Adani, one of the wealthiest people in the world, saw his net worth halved in less than two weeks last month after a report by financial research and short seller firm Hindenburg Research leveled allegations of stock market manipulation and fraud against the Adani Group. The Adani Group condemned the report as “baseless” and “malicious.” Adani is seen as a close ally of Modi.
In recent months, Modi has been accused of silencing his critics after the country banned a documentary from the BBC that was critical of the prime minister’s alleged role in deadly riots more than 20 years ago.
