Gautam Adani, India’s billionaire industrialist and ally of Prime Minister Narendra Modi, faces serious US fraud charges, including a $250 million bribery scheme. The backlash has already led to a $34 billion loss of market value in his companies, raising concerns about the broader implications for India’s economy and political landscape. Adani’s global ambitions may also be hindered by these allegations, with opposition leaders like Rahul Gandhi calling for his arrest and emphasizing the potential political fallout.