4 Funds Invested in Adani Firms Have History of Bets Gone Wrong: Report Before the Adani investment, the four funds held significant stakes in two companies whose founders fled India, another that went bankrupt, and a fourth that was liquidated after sparring with Ethiopian government
Updated: July 28, 2021 9:23 am IST
Four Mauritius-based funds that have attracted attention for parking almost all their money in companies controlled by Indian billionaire Gautam Adani have a history of investing in firms which ended up defaulting or were investigated for wrongdoing.
Before they put about 90 per cent of their $6.9 billion under management in the Adani empire, the funds Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund held significant stakes in two companies whose founders fled India and have since been probed for money laundering, another that went bankrupt, and a fourth that was liquidated after sparring with the Ethiopian govern
India
Sydney
New-south-wales
Australia
Blackrock
South-australia
Chetan
Rajasthan
Mauritius
Ethiopia
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Maharashtra