India and Asia’s richest Gautam Adani’s net worth plunged significantly in just a day after a sharp fall in bonds and stocks of the seven listed Adani group companies that fell between 3% and 7% yesterday after Hindenburg Research, published a report on Adani Group, stating that it is presenting evidence that the Group has engaged in a ‘brazen stock manipulation and accounting fraud scheme over the course of decades.’
As per the Bloomberg Billionaires Index, Gautam Adani lost about $6 billion (around 48,600 crore), down nearly 5%, in a day and his net worth currently stands at $113 billion as of January 26, 2023.
What is Hindenburg Research ?
Hindenburg Research on its website says that the company specialises in forensic fina…
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