đź”’ Gautam Adani lost US$31 billion in one of the biggest weekly drops ever

TL;DR

Billionairesboasted to the Economic Times that his “relationship banks” – Barclays, Deutsche Bank and Standard Chartered Bank – had “fully funded” the deal. Wall Street only began to really warm up to Adanis when he sought financing for Adani Green Energy, the conglomerate’s renewable energy subsidiary, according to Tim Buckley, a former investment banker at Citigroup and director at Australia-based Climate Energy Finance, who has been studying the Adani Group for over a decade. “Hopefully these significant allegations will finally help all banks wake up to the risks of financing Adani

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