• Billionaire Gautam Adani Accused of “Brazen Stock Manipulation” by U.S. Research Firm

    6 days ago - By Observer

    Gautam Adani, the world's third-richest person, was accused of a decade-long accounting scheme and stock manipulation by Hindenburg Research, an investment research firm.
    In a Jan. 24 report , Hindenburg claimed Adani, who is founder and chairman of conglomerate Adani Group, has pulled “the largest con in corporate history.” The stocks of Adani Group businesses, which span media, power and defense, subsequently lost $12 billion in market value after Hindenburg declared it would short the group's companies after a two-year investigation. Shares of Adani Group's flagship company, Adani...
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