Everything you need to know about Gautam Adani and Hindenburg after the short seller's fraud allegations burnt a $72 billion hole in the richest Asian's empire
published Sunday where it said Hindenburg's actions were"rife with conflict of interest and intended only to" enable the short seller"to book massive financial gain", and represented an"attack on India".
Shares in Adani Group's seven listed companies have plummeted since Hindenburg's report was published, erasing just under $72 billion in market value."Adani Group's response speaks volumes,"Gautam Adani, Asia's richest person, derives most of his wealth from stakes in the listed companies – so his net worth has plunged considerably since Hindenburg's report was published.
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