Adani scraps $2.5 billion share issue as value of his empire collapses

Indian billionaire Gautam Adani on Wednesday abandoned an attempt to raise $2.5 billion from investors after allegations of fraud by an American short seller triggered a week-long meltdown in the value of his business empire.Indian billionaire Gautam Adani on Wednesday abandoned an attempt to raise $2.5 billion from investors after allegations of fraud by an American short seller triggered a week-long meltdown in the value of his business empire.