Adani’s Stunning $100 Billion Wealth Boom Faces Biggest Risk Yet
Hindenburg alleges “a brazen stock manipulation and accounting fraud scheme” at the billionaire’s Adani Group, which the company calls “selective misinformation” and “baseless.”
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In a year when just about everything fell, Gautam Adani was on a seemingly impervious rise.
Inflation, soaring interest rates, tumbling markets and growing uncertainty — all the troubles of 2022 seemed unable to disrupt the ascent of his corporate empire, the Adani Group, the source of his fabulous wealth.