Hindenburg Research accuses the group of being the “biggest con in corporate history.”
U.S. investor Hindenburg Research has released a report and a statement accusing Indian conglomerate Adani Group of being the “biggest con in corporate history,” according to a report by the research group on Tuesday.
Adani’s fortune dropped by more than $22 billion to around $97 billion in the first trading hours of Friday, 27th January 2023, as per the Forbes Real Times Billionaire Index.
NDRANIL MUKHERJEE/AFP via Getty Images.
Gautam Adani, the richest man in Asia and India, saw his wealth plummet to seventh place on the list of the world’s wealthiest people on Friday, according to Forbes.
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