Abu Dhabi sticks by troubled Adani Group amid fraud claims

Issue 1163 - 09 Feb 2023 | 5 minute read

A report alleging widespread fraud at one of India’s largest conglomerates has seen the share price of Adani Group companies plummet on the National Stock Exchange of India. Among the investors affected is International Holding Company, chaired by UAE national security advisor Sheikh Tahnoun Bin Zayed Al-Nahyan, which may be sitting on losses of around $770m.

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