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Samson Soturian
ColdFusion
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Adani: A $130 Billion Scandal" video.
Share valuation loss. Not actual money
5
I'm sorry, but this is just a symptom of a systemic issue. All of India is involved with scams, but the cons that happen to be affiliated with the ruling elites get away with more.
1
In this case it largely did disappear. Stock valuations are just the price the last share traded at times the number of shares in existence. Ergo, since all but a handful of shares were held by insiders, when a couple people dumped their shares the price fell massively, wiping out 100x the amount of paper "wealth" than actual money traded hands.
1
@philchircu994 what does that scam have to do with this scam?
1