Hindenburg strikes again: Billions erased as Adani Group is accused of ‘historic’ corporate fraud

Adani Group, owned by billionaire Gautam Adani, disputed the accusations, but Hindenburg has an impressive record for takedowns.

Activist short-seller Hindenburg Research on Wednesday accused Asia’s richest person, Gautam Adani, of perpetrating “brazen market manipulation” and decades of fraud to help his family amass their fortune. Late Tuesday, the investment firm run by forensic financial researcher Nate Anderson tweeted that the report’s findings reveal “what we strongly suspect to be the largest corporate fraud in history.”

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