6 days ago
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As Adani Group stocks tumbled amid allegations by the US tribunal connected Gautam Adani successful a bribery and fraud case, GQG Partners stocks besides faced the wrath. As reported by Zee Business, the banal of GQG Partners- that invested steeply successful the group's stocks station Hindenburg Saga fell up to 20 per cent successful the Australian markets.
Reportedly aft the allegations connected Gautam Adani, GQG Partners has travel up with the merchandise connected the Australian Exchanges successful respect of the US District Court and the SEC orders against the conglomerate.
The institution chiefly stated that it is overseeing the charges against Gautam Adani and different Group executives and institution by the US Attorney's Office for the Eastern District of New York and the US Securities and Exchange Commission.
At the past count, shares of GQG Partners were down implicit 20 per cent astatine $2.11 AUD.
"Our squad is reviewing the emerging details and determining what, if any, actions for our portfolios are appropriate," the GQG Statement said.
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