This is something that is well known to Indian investors that most of Adani companies are vaporware that basically have no revenue and trade for price to sales ratio much higher than other companies.
However this guy and his family members are pretty well connected and would be fine as long as Modi is India’s PM. In fact it is even stated that this guy is basically a kingmaker as his massive inflated fortune funds the political contributions to the ruling BJP party.
Unless the corruption is so clear and irrefutable and the media actually presses hard enough that Modi decides it's time to throw Adani under the bus to save himself.
But that's a high bar I assume...
If the rest of the world weren't also so corrupt, it'd be fairly trivial to call out Adani and cancel all business with them and add some nice sanctions, but that's not the world we're in it seems.
However this guy and his family members are pretty well connected and would be fine as long as Modi is India’s PM. In fact it is even stated that this guy is basically a kingmaker as his massive inflated fortune funds the political contributions to the ruling BJP party.