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Tax manipulation and tax fraud: record loss for Adani, the group of the richest man in Asia

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Tax manipulation and tax fraud: record loss for Adani, the group of the richest man in Asia

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Hindenburg Research denounces market manipulation and tax fraud and bets on the collapse of the stock market: the Indian conglomerate loses almost 11 billion dollars

by Gianluca DiDonfrancesco

Il Asia’s richest man group and third richest in the world according to Forbes, Gautam Adani, has been targeted by Hindenburg Research, which is selling its shares short and has published a nearly 100-page report accusing the Indian conglomerate of market manipulation and tax fraud. The shares of the Adani group plummeted on the stock market by more than 5% on average, with a total loss of 10.7 billion dollars. For Gautam Adani himself, the loss…

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