The Adani scandal is growing. In the last few days the world's biggest sovereign wealth fund sold off all its Adani shares. New investigations were launched by Indian regulators. And more international banks downgraded the value of Adani bonds.
But there's one group who've been totally silent: Adani's largest bondholders.
Members of the Ekō team wrote to TIAA, abdrn and PIMCO right as the scandal was breaking out asking them to explain why they stumped up millions for Adani's coal empire and whether they'd rule out further investment. We gave them a deadline of February 14.
None have replied.
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