Hindenburg Research accused Adani Group of Share Rigging & Fraud.
Hindenburg Research has alleged that Gautam Adani is involved in “Accounting fraud, Money laundering, Corruption, Theft of taxpayers fund, Offshore shell companies”.
On the release of Hindenburg’s report on Adani Group, Mr Gautam Adani slips to 4th position in global billionaires ranking and later stood at 17th ranking on 09th February, 2023 in the Forbes “Real-Time Billionaires List”. In total Adani Group has lost market value of $65 Billion as soon as the report was made public.
In total Adani Group has lost market value of $65 Billion as soon as the report was made public.
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