What is happening with the Adani Group? Explanation of Hindenburg’s fraud claims
Gautam Adani overcame college dropout to become Asia's richest man, but has now seen his empire rocked by a week of turmoil. The Indian tycoon has lost his title and tens of billions in personal wealth in a matter of days after a US-based short-selling firm accused him of "the biggest scam in corporate history."Adani dismissed the allegations, accusing the short seller, Hindenburg, of a "calculated attack" on his country.But the claims caused a collapse at his company and shocked the markets. On Thursday, Adani pulled out of his flagship company's planned share offering as his conglomerate's losses topped $100…
