Jo Johnson Quits Position of Elara Capital Director Due to Adani Controversy Posted on February 4, 2023 News By Akta Yadav 374 Views Jo Johnson:- Jo Johnson, the brother of Boris Johnson, former UK PM, quit the position of Director at Elara Capital, a London- based Company which has been tangled in the Adani controversy. Jo Johnson had assumed the role of Director at Elara Capital in June 2022 due to his expertise in the field of investments in technology and education. Reasons Cited by Jo Johnson Jo Johnson resigned from Elara Capital by stating, “I now recognise that this is a role that requires greater domain expertise in specialized areas of financial regulation than I anticipated and, accordingly, I have resigned from the board.” The Adani Controversy The Adani group is seeing widespread repercussions due to the findings of the Hindenburg Research regarding charges of stock market manipulation and carrying out anonymous transactions. Effects such as a fall in stock prices of Adani after this Adani controversy can be noticed. Other related companies are also facing repercussions of the Adani controversy and Elara Capital is one such company. The Hindenburg Research has caused the asset management business run by Elara Capital to be called under scrutiny in link with the Adani controversy. For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true and top stories of the world.
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Reasons Cited by Jo Johnson
Jo Johnson resigned from Elara Capital by stating, “I now recognise that this is a role that requires greater domain expertise in specialized areas of financial regulation than I anticipated and, accordingly, I have resigned from the board.”
The Adani Controversy
The Adani group is seeing widespread repercussions due to the findings of the Hindenburg Research regarding charges of stock market manipulation and carrying out anonymous transactions. Effects such as a fall in stock prices of Adani after this Adani controversy can be noticed. Other related companies are also facing repercussions of the Adani controversy and Elara Capital is one such company. The Hindenburg Research has caused the asset management business run by Elara Capital to be called under scrutiny in link with the Adani controversy.
For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true and top stories of the world.
