India’s Adani loses $55bn in market value following US fraud charges
Gabriel Negreanu
The conglomerate has refuted the claims against its board members, including Gautam Adani, Asia’s second richest man Indian conglomerate Adani Group has announced a loss of almost $55 billion in market value since US prosecutors unveiled charges against its top executives, including chairman Gautam Adani, one of the world’s richest people. The indictment issued on November 20 in New York accused Gautam Adani and several top managers of group companies of intentionally misleading international
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