Jo Johnson resigned from the role this week, according to a regulatory filing. He was appointed in June 2022.
February 03, 2023 / 02:26 PM IST
Jo Johnson, U.K. transport minister, departs following a weekly meeting of cabinet ministers at number 10 Downing Street in London, U.K., on Tuesday, Sept. 4, 2018. Both Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn found themselves under fire as British lawmakers prepared to return to work this week. Photographer: Chris J. Ratcliffe/Bloomberg
Jo Johnson, a former Conservative minister and brother of former prime minister Boris Johnson, has stepped down as director of Elara Capital Plc, a UK firm named in a short seller report about the Adani group.
Johnson resigned from the role this week, according to a regulatory filing. He was appointed in June 2022.
Elara was named by US-based Hindenburg Research in its report raising concerns over the financial health of Adani Group. The short seller’s allegations of financial manipulation at Adani — denied by the Indian firm — have set off a stock rout across the Adani companies.
Elara Capital’s website describes itself on its website as a “full-service investment bank,” noting it has raised funds for several Indian corporates. It has offices in New York, Singapore, Mumbai, Ahmedabad and London, according to its website.
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