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In late February, as questions mounted and Adani Group鈥檚 share prices plunged, Gautam Adani鈥檚 older brother Vinod stepped down as director of three companies 鈥� Carmichael Rail and Port Singapore, Carmichael Rail Singapore and Abbot Point Terminal Expansion 鈥� connected to the family鈥檚 coal mine in Australia, on which it has staked billions of dollars. He remains on the board of Singapore-based Abbot Point Port Holdings.聽These resignations, which haven鈥檛 previously been reported, happened just days before the SC ordered a committee to probe if regulators had failed to oversee Adani Group. Meanwhile, Sebi is examining whether some transactions between the group and Vinod were properly disclosed.An Adani Group representative said Vinod, aside from being a shareholder of certain entities, had no management role in the development of the Carmichael mine or its related infrastructure.Hindenburg鈥檚 January 24 report said dozens of shell companies controlled by Vinod had moved billions of dollars in and out of Adani Group companies, seemingly to embellish shares and results. Adani Group acknowledged that Vinod is part of the promoter group and said it made all required disclosures. It largely rejected questions about the brother鈥檚 business affairs, saying they鈥檙e irrelevant given he鈥檚 not a manager at the group鈥檚 public companies or their subsidiaries.Until recently, few had heard of Gautam鈥檚 74-year-old brother. He鈥檚 believed to have made a fortune trading commodities and is worth at least $1. 2 billion. He runs a family investment office in Dubai. Over the years, he鈥檚 been involved in some of Adani Group鈥檚 largest undertakings, from acquisitions of cement companies to green energy. Carmichael is one of the longest-running examples.