ungarian-American billionaire George Soros accused Prime Minister Narendra Modi of crony capitalism after claiming that the latter has a good relationship with Indian businessman Gautam Adani. “Modi and business tycoon Adani are close allies. Their fate is intertwined,” Soros said. He made the contentious remarks at the Technical University of Munich (TUM) in Germany ahead of the Munich Security Conference. “Adani Enterprises tried to raise funds in the stock market, but he failed. Adani is accused of stock manipulation and his stock collapsed like a house of cards,” the American billionaire alleged.
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