The Financial Times recently revealed a secret paper trail that suggests a capture of weak regulatory institutions by powerful business interests related to Gautam Adani, an infrastructure tycoon from India. While some view this as evidence of an ‘anti-India ecosystem in the West,’ others believe the Indian government should order a joint probe to settle the debate. The Securities and Exchange Board of India should investigate if the Adani Group breached the rule that at least 25% of stock in listed companies must be owned by public shareholders. Parliament should step in if the government fails to uphold this rule.