Adani scandal: What should Nepal learn?

On January 24, Indian businessman Gautam Adani came to the limelight in an unprecedented manner as a report by Hindenburg Research Firm alleged him of fraud and financial misconduct . The report accused Adani of leveraging his political connections to get favourable treatment from Indian regulatory agencies, particularly in terms of taxes, subsidies, loans and other incentives for his businesses.

Adani held the position of the third richest man in the whole world before the report. But after the Adani scandal, the value of shares of Adani Group rapidly plummeted and pushed him down to 21 st as of February 10, Forbes and the Bloomberg Billionaires Index.