36 | forbes india december 29, 2017The biggest asset of Gautam Adani’s conglomerate is Adani Ports & sez,
run day-to-day by his 30-year-old son Karan (above). It is the country’s
largest and fastest-growing private port developer and operator, with 10
ports along the Indian coastline. But shares of Adani’s companies rose on
other news: Work on his long-delayed, $16 billion Australian coal mining
project commenced in October, boosting his fortune by 75 percent froma year ago. No stranger to controversy, Adani the elder recently faced
an allegation that he profited from the government tweaking rules on
special economic zones mainly to benefit his group, which is also in
energy. Adani, who denied the allegation, sent a defamation notice to the
journal that reported the allegation. The journal pulled down the online
version of the article, and its editor resigned.kArAn AdAni: sAfe hArbour
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