Gautam Adani, one of the world’s richest people, was in good spirits Wednesday evening. Earlier in the day, the Indian billionaire’s green energy business had raised $600 million through a bond sale. Before heading to bed in the city of Ahmedabad, he relaxed by playing a card game with his wife, according to a person close to him.
But around 3 a.m., a colleague delivered some shocking news: The US had charged Adani and several associates with fraud in a sprawling criminal investigation.
Within minutes, senior executives from the Adani Group assembled on conference calls and in the conglomerate’s ...
