Gautam Adani faces US indictment for fraud and bribery
- Protests against Gautam Adani occurred in New Delhi, involving members of the Congress party.
- Demonstrators demanded an investigation and arrest of Adani amid allegations of fraud and bribery.
- The situation reflects ongoing accusations of crony capitalism and the perceived nexus between Adani and the Modi government.
In India, hundreds of supporters of the Congress party protested on Monday against billionaire Gautam Adani, who has been indicted in the U.S. for fraud and bribery. The protests occurred near Parliament in New Delhi, where activists demanded Adani's immediate arrest, accusing Prime Minister Narendra Modi's government of protecting him. As the leader of one of Asia's richest conglomerates, Adani's companies experienced a significant drop in stock prices following the charges. Rahul Gandhi, a key figure in the Congress party, claimed the government would not investigate Adani, asserting a connection between the billionaire and Modi. This situation highlights ongoing tensions regarding the relationship between powerful business figures and political leaders in India.