We Want Complete Transparency Into Adani Row, Rejects Centre's Suggestion: SC
The Supreme Court (SC) reviewed the ongoing Adani V/S Hindenburg issue, on February 17. The Top Court during its proceedings rejected the 'sealed cover' suggestion of the expert panel. The court asked for transparency into the matter and said, "We will not accept the sealed cover suggestion by you because we want to maintain full transparency." Furthermore, the SC bench reserved its order on the appointment of a committee probe.
Tags: adani row, Supreme Court, Sealed Cover Suggestion, PM Modi Govt, Hindenburg
Courtesy: The Indian Express
Former UK PM Boris Johnsons Brother Quits As Director Of Adani Linked Firm
After the Hindenburg-Adani issue, 50-year-old Lord Jo Johnson has resigned as the director of Elara Capital, an investment firm linked to Adani Group. At the same time, Johnson has cited a lack of expertise as a reason to quit from the firm. Besides the loss of $100 million, the Adani group is likely to lose investors and is also on the watchlist of the Reserve Bank of India.
Tags: Adani Groups, Elara Capital, Boris Johnson Brother, Hindenburg, business
Courtesy: The Free Press Journal
Adani Slips To 11th Spot In Billionaire Index Amid Hindenburg Claims
Amid the Hindenburg Research claims of fraud, the Adani Group has lost $34 billion in just 3 days. On January 31, the fortune of Gautam Adani slipped to $84.4 billion, throwing the company to the 11th spot from the previous 4th position in Bloomberg's Billionaire Index. The current war between Hindenburg and Adani left the company with a $68 billion washed-away market value, currently.
Tags: Gautam Adani, Billionaire Index, Adani Groups, Fraud Claims, Hindenburg
Courtesy: Hindustan Times