Gautam Adani crisis millions of dollars in Australian retirement savings could be affected claims report – Business News India

read on the appAdani group crisis: The crisis of Adani group is increasing day by day. Its fame is reaching abroad as well. It is reported that the steep fall in Adani Group's

shares is affecting Australian retired savings as well. According to a Guardian report, several Australian retirement funds have invested in Gautam Adani's controlling companies,

including government employees in Queensland and employees of the Commonwealth Bank. What's in the Guardian report?According to the Guardian report, several superannuation funds

had actively invested in Adani group companies for higher returns. According to the report, Australia's $ 243 billion Future Fund has invested in two Adani Group companies. The

Brisbane-headquartered Australian Retirement Trust, on the other hand, had invested $1 million in at least six Adani companies. Explain that the assets of the Australian Retirement

Trust are more than $ 200 billion. Blow to Adani: Another company left in deteriorating environment, deal canceled The report was released on 24 JanuaryOn January 24, a

106-page report was released by Hindenburg, a US research company on the Adani group. In this, Adani Group was accused of several serious allegations including accounting fraud,

stock manipulation and money laundering. Since the arrival of this report, there has been an earthquake in Adani's shares and the shares of the company have fallen by almost 80%.

Adani Group shares have collectively lost a whopping $134 billion in market value since January 24 this year.