Indian opposition lawmakers have demanded an investigation into Adani Group, as the crisis surrounding tycoon Gautam Adani’s embattled empire deepened, with market losses topping $100bn after a United States short seller accused it of pulling “the largest con in corporate history”.
A session of the lower house of India’s Parliament was adjourned amid loud protests on Thursday, a day after Adani Group’s flagship company abandoned a $2.5bn stock offering meant to help reduce debt levels, restore confidence and broaden its shareholder base.
