Boris Johnson’s brother resigns from Adani-linked co post Hindenburg report

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.

Meghnad Desai, an India-born academic and former Labour Party politician, told Bloomberg he was also considering his role as a director of Elara.

“I am currently making my own inquiries with Elara to find out what the situation was,” Desai said in an email. “As a Non Exec Director, I am not involved in the day to day business.”