Adani, who has denied both charges, has vowed to fight on. He said at an event after the US allegations that the firm is committed to "world-class regulatory compliance" and that each attack against the company "only makes us stronger".
The charges are likely to weigh on the group—and its share price—heading into the new year. Adani's fortune peaked at $122.3 billion in June after he'd worked to bolster finances following Hindenburg's attack. Those gains have now evaporated after the US allegations, and he's now worth $82.1 billion, according to the Bloomberg Billionaires Index.
The wealth of Ambani, Asia's richest man, has also taken a tumble, if perhaps in a less dramatic and public way. It peaked at about $120.8 billion in July. But his fortune now stands at $96.7 billion as of December 13.
Esta historia es de la edición December 17, 2024 de Financial Express Ahmedabad.
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AAP rejects claims of nod to prosecute Kejriwal
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Shame and hypocrisy
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FIFTH COLUMN
WHAT REALLY NAUSEATED me about the shenanigans in Parliament last week was the hypocrisy.
Battle for Mont Choisy
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Big blows for the Constitution
Congress but Indira Gandhi apologized and vowed that Emergency would never be repeated.
