Who is Vinod Adani: Gautam Adani’s brother Vinod is in the headlines again, know how great an umpire he is. Who is vinod adani gautam adani’s elder brother how important profile is he

The Hindenburg Research report didn’t just spell trouble for Gautam Adani’s business. Rather, a lot of information about people related to his family has also come to light. One of those names is his elder brother Vinod Adani, who is back in the limelight. This is because the Adani Group has accepted Vinod Adani’s role in its listed companies, although earlier he had consistently tried to avoid it. After all, how much does Vinod know Adani?

The Adani Group says that Vinod is part of the promoter group of the Adani Group company. At the same time, his company Endeavor Trade and Investment Limited actually acquired Ambuja Cement and ACC Limited.

Also See: Vinod Adani: Big reveal about Gautam Adani’s elder brother, retains position in group

Vinod Adani works in Dubai

Gautam Adani’s 74-year-old elder brother Vinod Adani works in Dubai. However, according to various media reports, he is a permanent resident of Singapore. A Forbes report says that he set up a textile mill near Mumbai in 1976, after which he moved to Singapore in 1989. Later his work reached Dubai in 1994.

This work is done by Vinod Adani

Vinod Adani is said to be a master of business. Sugar oil and copper are the main products where he has considerable trading experience. He also has a major stake in the Adani Group. His net worth is around $1.3 billion. That is why he is also the richest NRI in 2022.

Also See: Big relief to Gautam Adani, BSE-NSE removes monitoring from 3 group companies

Recently, the Adani Group said that Vinod Adani-controlled Endeavor Trade and Investment Ltd. has actually acquired Ambuja Cement and ACC Ltd. Now both these companies are part of Adani Group. A special thing about Vinod Adani is that he helps the Adani Group in raising funds from international markets and negotiating.

Controversy has a long history

Gautam Adani’s brother Vinod Adani has a long history of controversy. In 2016, his name came up in the ‘Panama Paper Leak’. This report details the financial information of more than two lakh fake companies.

It said that in January 1994, he formed a company in the Bahamas. Two months after the formation of the company he changed his name from ‘Vinod Shantilal Adani’ to ‘Vinod Shantilal Shah’ in the company documents.

Must watch: Government’s reply in Parliament sank 44 thousand crores of Adani Group, know how?

The Hindenburg Report made many allegations

Vinod Adani’s name is mentioned 151 times in the Hindenburg Research report against the Adani Group. Although the Adani Group does not have direct control over any company, the Adani Group is not denying its role.

Reports claim that Vinod Adani and his associates have formed dozens of companies in Mauritius, which actually have no corporate presence. Similar companies have also been formed in Cyprus, Singapore, the Caribbean and the United Arab Emirates. These companies have had some suspicious transactions with the Adani Group. At the same time, he also played a role in increasing the share price of Adani companies.