{"id":52822,"date":"2023-02-22T08:00:07","date_gmt":"2023-02-21T23:00:07","guid":{"rendered":"https:\/\/www.theguardian.com\/business\/2023\/feb\/22\/adani-stock-rout-leaves-tens-of-millions-in-australian-retirement-savings-exposed"},"modified":"2023-02-22T08:00:07","modified_gmt":"2023-02-21T23:00:07","slug":"adani-stock-rout-leaves-tens-of-millions-in-australian-retirement-savings-exposed","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=52822","title":{"rendered":"Adani stock rout leaves tens of millions in Australian retirement savings exposed"},"content":{"rendered":"<p>Fraud allegations send Indian conglomerate\u2019s share prices plunging, but super funds contend exposure is limited due to diversification of holdings<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/australia-news\/live\/2023\/feb\/21\/australia-news-live-interest-rates-reserve-bank-poll-ndis-health-housing-economy-albanese-dutton-greens\">Follow our Australia news live blog for the latest updates<\/a><\/li>\n<li>Get our <a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/oct\/29\/email-newsletters-guardian-australia-best-daily-news-emails-newsletter-free-sign-up-inbox-subscribe-headlines?CMP=cvau_sfl\">morning and afternoon news emails<\/a>, <a href=\"https:\/\/www.theguardian.com\/technology\/ng-interactive\/2018\/may\/15\/the-guardian-app?CMP=cvau_sfl\">free app<\/a> or <a href=\"https:\/\/www.theguardian.com\/australia-news\/series\/full-story?CMP=cvau_sfl\">daily news podcast<\/a><\/li>\n<\/ul>\n<p>Tens of millions of dollars worth of Australian retirement savings have been exposed to the beleaguered Adani Group as the Indian conglomerate faces a stock rout after allegations of fraud.<\/p>\n<p>Several major superannuation funds, including those that cater for government workers in Queensland and employees at the Commonwealth Bank, invested in the company after allocating money to emerging markets to boost returns.<\/p>\n<p><strong><a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/oct\/29\/email-newsletters-guardian-australia-best-daily-news-emails-newsletter-free-sign-up-inbox-subscribe-headlines?CMP=copyembed\">Sign up for Guardian Australia\u2019s free morning and afternoon<\/a><\/strong><a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/oct\/29\/email-newsletters-guardian-australia-best-daily-news-emails-newsletter-free-sign-up-inbox-subscribe-headlines?CMP=copyembed\"> <\/a><strong><a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/oct\/29\/email-newsletters-guardian-australia-best-daily-news-emails-newsletter-free-sign-up-inbox-subscribe-headlines?CMP=copyembed\">email newsletters for your daily news roundup<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2023\/feb\/22\/adani-stock-rout-leaves-tens-of-millions-in-australian-retirement-savings-exposed\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fraud allegations send Indian conglomerate\u2019s share prices plunging, but super funds contend exposure is limited due to diversification of holdingsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free &#8230;<\/p>\n","protected":false},"author":3594,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[630,43,536,6,62,61],"tags":[],"class_list":["post-52822","post","type-post","status-publish","format-standard","hentry","category-adani-group","category-australia-news","category-australian-economy","category-business","category-india","category-south-and-central-asia"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/3594"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52822"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52822\/revisions"}],"predecessor-version":[{"id":52823,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52822\/revisions\/52823"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}