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Four Funds Invested in Adani Have History of Bets Gone Wrong

Article content (Bloomberg) 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% 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 government.

New south walesSouth australiaPort louisSaint georgeGautam adaniMukesh ambaniShumi akhtarAnurag kotokyPankaj chaudharyRaj bhattJatin mehtaAdani ports special economic zone ltdElara india opportunities fundSoftbank group corpBlackrock incAdani total gas ltd

Gautam Adani: Four Mauritius-based funds with $7 bn in Adani stocks have history of wrong bets

By Anurag Kotoky 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% 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 government.

New south walesSouth australiaPort louisSaint georgeGautam adaniMukesh ambaniShumi akhtarAnurag kotokyPankaj chaudharyRaj bhattJatin mehtaAdani ports special economic zone ltdElara india opportunities fundSoftbank group corpBlackrock incAdani total gas ltd

Four Mauritius-based funds with $7 bn in Adani stocks have history of wrong bets

Four Mauritius-based funds with $7 bn in Adani stocks have history of wrong bets SECTIONS Last Updated: Jul 28, 2021, 08:43 AM IST Share Synopsis Before they put about 90% 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 government. Some lawmakers are now seeking an investigation into whether the Mauritius funds are being used as a shell for Adani’s own money.

New south walesSouth australiaPort louisSaint georgeGautam adaniMukesh ambaniShumi akhtarAnurag kotokyPankaj chaudharyRaj bhattJatin mehtaAdani ports special economic zone ltdElara india opportunities fundSoftbank group corpBlackrock incAdani total gas ltd

Four funds with $7 billion in Adani have history of wrong bets

Four funds with $7 billion in Adani have history of wrong bets
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

New south walesSouth australiaPort louisSaint georgeGautam adaniMukesh ambaniShumi akhtarPankaj chaudharyRaj bhattJatin mehtaAdani ports special economic zone ltdElara india opportunities fundSoftbank group corpBlackrock incVanguard group incJewellery ltd

4 funds with $7 billion in Adani has history of bad bets

4 funds with $7 billion in Adani has history of bad bets
deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.

New south walesSouth australiaPort louisSaint georgeGautam adaniMukesh ambaniShumi akhtarAnurag kotokyPankaj chaudharyRaj bhattJatin mehtaAdani ports special economic zone ltdElara india opportunities fundSoftbank group corpBlackrock incAdani total gas ltd