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World Business Report: First broadcast 27/01/2023 22:32 GMT : Asia’s richest man Gautam Adani sees his fortune shrink

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Asia’s richest man Gautam Adani sees his fortune shrink

First broadcast 27/01/2023 22:32 GMT 

First broadcast 27/01/2023 22:32 GMT : Asia’s richest man Gautam Adani sees his fortune shrink

BBC World Service - World Business Report, Asia’s richest man Gautam Adani sees his fortune shrink

Fortune of Asia's richest man hit by fraud claims

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.


(Picture: People walk past an electronic signage displaying news on the Adani Group at the Bombay Stock Exchange (BSE) building in Mumbai on January 27, 2023. Picture Credit: Getty Images)

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First broadcast 27/01/2023 22:32 GMT : Asia’s richest man Gautam Adani sees his fortune shrink

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