Adani group's Aman Singh was a powerful bureaucrat in the Raman Singh-led BJP government in Chhattisgarh and was the principal secretary to the chief minister.
A fallout of this report was the group halting some investments, cutting down on capital expenditure, and considering a different approach towards financing its projects, according to Bloomberg.
Gautam Adani was the world s third and Asia s richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by USD 80 billion and the tycoon slipping to No.30 on the world billionaire index.