Nomura sued by Adani-linked fund accused in short-seller Hindenburg report

Some three years after Adani first faced questions about fraud and stock manipulation at his ports-to-power conglomerate, Tokyo-based Nomura was sued by a fund owned by Elara Capital Plc over an urgent cash demand that allegedly cost it tens of millions of dollars. The Elara fund, known as Some of Nomura’s most senior bankers in Asia were spooked and wanted to cut the size of the loans, according to the bank’s defense filed Jan. 5. The Elara fund claimed that the bank requested $205 million in cash to rec ...