Adani Group says it lost nearly $55 bn as US charges sparked rout …C0NTINUE READING HERE >>>
Adani denies the allegations made by US prosecutors.
Photo: Sam PANTHAKY / AFP
Source: AFP
India’s Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.
The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a bribery scheme.
It said…
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