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Four Funds Invested in Adani Have History of Bets Gone Wrong

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(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 Wales , South Australia , Port Louis , Saint George , Gautam Adani , Mukesh Ambani , Shumi Akhtar , Anurag Kotoky , Pankaj Chaudhary , Raj Bhatt , Jatin Mehta , Adani Ports Special Economic Zone Ltd , Elara India Opportunities Fund , Softbank Group Corp , Blackrock Inc , Adani Total Gas Ltd , Vanguard Group Inc , Jewellery Ltd , University Of Sydney , Sterling Biotech Ltd , Adani Enterprises , Albula Investment Fund , Investment Fund , Adani Green Energy Ltd , Exchange Board Of India , Mauritius Financial Services Commission ,

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 Wales , South Australia , Port Louis , Saint George , Gautam Adani , Mukesh Ambani , Shumi Akhtar , Anurag Kotoky , Pankaj Chaudhary , Raj Bhatt , Jatin Mehta , Adani Ports Special Economic Zone Ltd , Elara India Opportunities Fund , Softbank Group Corp , Blackrock Inc , Adani Total Gas Ltd , Vanguard Group Inc , Jewellery Ltd , University Of Sydney , Sterling Biotech Ltd , Adani Enterprises , Albula Investment Fund , Investment Fund , Adani Green Energy Ltd , Exchange Board Of India , Bombay Stock Exchange ,

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
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Last Updated: Jul 28, 2021, 08:43 AM IST
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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 Wales , South Australia , Port Louis , Saint George , Gautam Adani , Mukesh Ambani , Shumi Akhtar , Anurag Kotoky , Pankaj Chaudhary , Raj Bhatt , Jatin Mehta , Adani Ports Special Economic Zone Ltd , Elara India Opportunities Fund , Softbank Group Corp , Blackrock Inc , Adani Total Gas Ltd , Vanguard Group Inc , Jewellery Ltd , University Of Sydney , Sterling Biotech Ltd , Adani Enterprises , Albula Investment Fund , Investment Fund , Adani Green Energy Ltd , Exchange Board Of India , Bombay Stock Exchange ,

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 Wales , South Australia , Port Louis , Saint George , Gautam Adani , Mukesh Ambani , Shumi Akhtar , Pankaj Chaudhary , Raj Bhatt , Jatin Mehta , Adani Ports Special Economic Zone Ltd , Elara India Opportunities Fund , Softbank Group Corp , Blackrock Inc , Vanguard Group Inc , Jewellery Ltd , University Of Sydney , Sterling Biotech Ltd , Adani Enterprises , Albula Investment Fund , Investment Fund , Exchange Board Of India , Bombay Stock Exchange , Mauritius Financial Services Commission , Iq Eq Fund Services , Adani Enterprises 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 Wales , South Australia , Port Louis , Saint George , Gautam Adani , Mukesh Ambani , Shumi Akhtar , Anurag Kotoky , Pankaj Chaudhary , Raj Bhatt , Jatin Mehta , Adani Ports Special Economic Zone Ltd , Elara India Opportunities Fund , Softbank Group Corp , Blackrock Inc , Adani Total Gas Ltd , Vanguard Group Inc , Jewellery Ltd , University Of Sydney , Sterling Biotech Ltd , Adani Enterprises , Albula Investment Fund , Investment Fund , Adani Green Energy Ltd , Exchange Board Of India , Mauritius Financial Services Commission ,