Adani falls over

[skuthorp]

Biggest corporationation in India may be built on sand, which is rapidly running away.
https://thewire.in/business/with-the...-cards-at-risk

Well worth watching at present, "By early Friday morning New York time, Adani’s group had lost $51bn in value."

Very much tied up with Modi and the Indian government.

[Andrew Craig-Bennett]

This is going to have political consequences. It isn’t going to be pretty.

[WX]

Given it was known Adani was dodgy years ago, I found it odd that the QLD'ers and the Federal government were so keen to throw money at them.

[skuthorp]

The story of the emperors new clothes applies…..