Following allegations of fraud, Goldman reduces its stakes in Adani ESG funds


Goldman Sachs has reportedly reduced its holdings in several Adani ESG funds, following fraud allegations against the Indian energy giant. The funds in question are Adani Green Energy Limited, Adani Renewable Energy Limited and Adani Total Gas Limited.

Goldman Sachs had invested in these funds as part of its own Environmental, Social and Governance (ESG) initiative, which seeks to invest in companies that are committed to sustainability.

However, the company has now reportedly decided to reduce its holdings in these funds, in light of the fraud allegations against Adani. The allegations include money laundering, insider trading and tax evasion. Goldman Sachs has not yet commented on the matter.