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Investegate |TotalEnergies SE Announcements | TotalEnergies SE: TotalEnergies: Second Quarter and First Half 2021 Results

Investegate |TotalEnergies SE Announcements | TotalEnergies SE: TotalEnergies: Second Quarter and First Half 2021 Results
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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.

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