Boris Johnson’s sibling leaves company linked to Indian billionaire Adani

British media reportedthat the younger brother of former Prime Minister Boris Johnson – Joe Johnson – left the board of directors of the investment company Elara Capital, “which is associated” with the Indian billionaire Gautam Adani. According to The Guardian, Joe Johnson, who previously worked for Deutsche Bank’s investment arm, was a journalist for the Financial Times, was a British MP and Minister for Transport, joined Elara Capital in June last year “in the hope of strengthening trade and financial ties between the UK and India.”

At that time, Gautam Adani’s fortune was growing rapidly – from February to May it increased by $ 25 billion. According to Indian media, “since the end of February, Indian companies have purchased millions of barrels of Urals oil” against the backdrop of reduced purchases of Russian oil by Western countries and companies. But this year, Gautam Adani found himself in a difficult situation – over the past two weeks, his condition decreased from $120 billion to $84.4 billion after an investigation by Hindenburg Research, accusing Indian conglomerate in stock manipulation and reporting. The investigation also mentions Elara Capital. Gautam Adani himself all charges denies.

“To the best of my knowledge, Elara Capital acted in strict accordance with the law and regulatory requirements,” Boris Johnson’s younger brother explained. “However, I must admit that this position requires a much wider level of expertise in specific areas of financial regulation than I thought earlier, so I made the decision to step down from the board of directors.”

How Gautam Adani became one of the three richest people on the planet in less than a year – in the material “Kommersant” “Catch up with $60 billion”.

Evgeniy Khvostik