Adani Group: Fortune of Asia’s richest man hit by fraud claims
A report of fraud has sparked a mass sell-off in businesses led by Indian billionaire Gautam Adani. …
The fallout comes just days after Hindenburg Research, a firm that specialises in “short-selling”, or betting against a company’s share price in the expectation that it will fall, published a report accusing the Adani Group of engaging in decades of “brazen” stock manipulation and accounting fraud.
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