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Gautam Adani backers from New York to Tokyo dissect and limit exposure

The billionaire's interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research's fraud allegations last week

Adani, Gautam Adani
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Photo: Bloomberg

Ambereen Choudhury | Bloomberg
Financial institutions from New York to London and Tokyo are dissecting their exposure to the empire of Gautam Adani, who was Asia’s richest man only a few days ago.
 
The billionaire’s interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research’s fraud allegations last week. The Indian tycoon vehemently denied the claims but was forced to abruptly scrap a $2.4 billion stock offering for his flagship Adani Enterprises Ltd. 

His backers include Citigroup Inc., Credit Suisse Group AG and Barclays Plc. They are among banks pursuing a range of