Shares in India\'s Adani plunge 10% after fraud claims

Flagship Adani Enterprises was down 9.89 percent or 338.95 rupees ($4.15) per share on the Mumbai bourse after midday

Update: 2023-01-27 07:28 GMT
A US investment firm claimed that Adani Enterprises had committed \"brazen\" corporate fraud, a few days ago. DC File Image

MUMBAI: Shares in the business empire of Asia's richest man Gautam Adani plunged nearly 10 percent Friday, days after a US investment firm claimed it had committed "brazen" corporate fraud.

Flagship Adani Enterprises was down 9.89 percent or 338.95 rupees ($4.15) per share on the Mumbai bourse after midday while subsidiary Adani Total Gas dropped 20 percent, triggering a trading halt in that stock.

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