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Asia鈥檚 richest man Gautam Adani sees his fortune shrink
Indian billionaire saw more than $20bn 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.
It was a pretty extraordinary day on India's main stock exchange on Friday. Shares in the business empire of Asia's richest man Gautam Adani plunged some 20 per cent, extending earlier losses at the Adani Group to some $45 billion. The price fall comes after a report by an American firm alleging stock manipulation and accounting fraud, claims the company denies.
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