Short seller targets world’s third richest man Gautam Adani in a scathing report late on Tuesday. Stock in the billionaire businessman’s company Adani Enterprises fell 2% as a result.
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U.S. short seller Hindenburg Research has accused Indian conglomerate Adani Group of “brazen stock manipulation and accounting fraud” in a scathing report that pressured shares of affiliated companies.
Adani Group is chaired by billionaire tycoon Gautam Adani, who is currently the world’s third richest man and is worth almost $119 billion, according to Bloomberg.
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