Fresh US charges put Indian tycoon Adani back in hot water

US prosecutors just hit Gautam Adani and his business-group with bribery and fraud charges (which they say arent true)

Almost a year back‚ wall-street firm Hindenburg Research made big claims about Adanis off-shore money deals; the group called these claims fake. Later on the market-watch boss who looked into this case got questioned about his own money-links to funds that Adani used

The groups $619-mil plan to fix-up Mumbais biggest slum faces big problems: they cant find spots to move 700k people‚ and some say the deal was too friendly because of gov links

Their coal mine down-under had a rough time too — green-folks fought it for 7 years worried about reef damage‚ making the project shrink from 60-mil tons to just 10-mil tons yearly

In Africa things got sticky: Kenyan courts put stops on two deals — an airport lease and a $736-mil power project; both got blocked cause of weird rules and secret-deals. Back in Asia‚ they had to drop Myanmar port plans and lost money selling it for way less than they put in

Bangladesh power-stuff isnt going well either; they cut power cause of unpaid bills (more than $800-mil worth). Plus‚ their $900-mil India port got stuck when fish-workers said it hurt their work — but that got fixed after few months

• The group sold Myanmar stuff for $30-mil
• They lost almost $100-mil there
• Kenya blocked two big projects
• Bangladesh owes lots of cash