Adani's Billionaire Brother Starts to Retreat as Scrutiny Builds

The transcript discusses the limited information available about Vanaddani, the older brother of Adani, and his involvement in the Carmichael coal project in Australia. It highlights governance and disclosure issues related to the project, with money changing hands across jurisdictions. The Supreme Court is investigating the disclosures, while the opposition in India is closely monitoring the situation. The Carmichael project faced challenges due to infrastructure needs and ESG concerns, but it is now operational, supplying coal to India and Bangladesh.

What role did Vanaddani play in the Adani empire?

• He was a spokesperson for the Adani Group.

• He was a financial advisor to the Adani Group.

• He was involved in the development of a coal mine in Australia.

• He was the CEO of Adani Group.

What was the main issue with the financial transactions related to the coal mine in Australia?

• They were illegal and hidden from authorities.

• They were not disclosed at all.

• They were fully transparent and easy to follow.

• They were disclosed but difficult to track across jurisdictions.

What action did the Supreme Court take regarding the Adani Group's disclosures?

• It approved all the disclosures as correct.

• It ordered a committee to investigate the disclosures.

• It imposed a fine on the Adani Group.

• It banned the Adani Group from operating in India.

Why was the Carmichael coal project initially considered unlikely to succeed?

• It was located in a remote area with no infrastructure.

• It lacked sufficient coal reserves.

• It faced environmental opposition.

• It had no financial backing from lenders.

What is the current status of the Carmichael coal project?

• It has been sold to another company.

• It is operational and supplies coal to India.

• It has been abandoned.

• It is still under development.