The Hindenburg shockwave in late January 2023 sent shockwaves through the financial world. A report by a New York-based short-seller accused the Adani Group, led by industrialist Gautam Adani, of a brazen stock manipulation and accounting fraud scheme. This allegation triggered a nosedive in the share prices of Adani Group companies, erasing over $100 billion in market value. Gautam Adani, the richest Indian and Asian, saw his wealth plummet, dropping him to the 22nd spot in the Forbes billionaire list.
from Times of India https://ift.tt/DE9Rx1l
from Times of India https://ift.tt/DE9Rx1l
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