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

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.