lørdag 28. januar 2023

Fortune of Asia's richest man hit by fraud claims

Indian billionaire Gautam Adani saw more than $20bn (£16bn) wiped off his fortune on Friday, after investors fled his companies for a second day prompted by fraud claims made by a US investment firm. The Adani Group has dismissed the report as malicious, but the response has failed to stem the uproar. India's main opposition party has demanded an investigation.

The firm's publicly listed companies have lost about $50bn in market value. Shares in the firm's flagship Adani Enterprises dropped by nearly 20% on Friday, while some of the group's other publicly listed firms tumbled even further, triggering automatic halts in trading in Mumbai. Mr Adani has dropped from the third richest person in the world to the seventh on Forbes' rich list, maintaining an estimated net worth of more than $96bn, according to the publication.