Adani Enterprises responded to Hindenburg Research's scathing January 2023 report by establishing a high-tech control room in Ahmedabad, engaging in discreet legal and cyber strategies, and moving forward with a $1.2 billion Haifa Port acquisition, intertwining corporate strategy with political and geopolitical maneuvering.

The Economist reported allegations that Adani Enterprises may have been involved in a scheme to pay over $250 million in bribes to Indian officials. Such allegations, if substantiated, could suggest attempts to improperly influence political processes while undermining ethical business practices.

Following a US indictment alleging a $265 million bribery scheme involving payments to Indian government officials for securing lucrative contracts, global lenders and bond markets have reacted with concerns, leading to a funding squeeze across the Adani Group. The allegations, tied to unethical business practices and potential political corruption, have resulted in a drop in bond prices and heightened regulatory scrutiny.

The US Department of Justice indicted Gautam Adani and his business associates, accusing them of offering bribes to Indian government officials to secure energy projects. In response, Kenya cancelled two major projects, and the controversy has cast a shadow over Adani Group's global investments.

US prosecutors indicted Gautam Adani and other officials over allegations of paying over US$250 million in bribes to Indian government officials to secure contracts for Adani Green Energy. The indictment has led to major fallout, including asset losses, halted investments from partners like TotalEnergies, and cancellation of deals in international markets.

In February 2023, a US research firm's report accusing Adani Group of stock manipulation and accounting fraud triggered a major political row in India. Opposition leaders disrupted parliamentary sessions, demanded an independent investigation, and organized protests, while the group dismissed the allegations as a politically motivated attack on India, reflecting its close ties with ruling political elites.

Adani Enterprises launched 'Operation Zeppelin' as a multidimensional counter-offensive in response to Hindenburg Research's damning allegations. The conglomerate engaged in covert intelligence collaborations, legal maneuvers, and political strategies—including discreet consultations with high‐ranking officials and intelligence operatives—to restore investor confidence and suppress adverse narratives.

Adani Solar’s lobbying effort in late 2017 to secure safeguard duty benefits for domestic solar manufacturing ended up contributing to a regulatory regime that elevated costs for Adani’s renewable energy operations, potentially risking over US $100 million in revenue. The maneuver, meant to protect a segment of the business, has resulted in higher tariffs, legal challenges, and a slowing down of India’s renewable-energy transition.