Hindenburg Research unveils the outcome of its extensive 2-year probe, presenting proof that the Indian conglomerate, Adani Group, with a worth of INR 17.8 trillion (U.S. $218 billion), has perpetrated a bold stock manipulation and accounting fraud scheme throughout the years. Here's everything about Adani Group's $218 Billion stock manipulation and accounting fraud scheme.
Gautam Adani, the Founder and Chairman of Adani Group, has amassed a fortune of roughly $120 billion, increasing it by over $100 billion in the past 3 years primarily through stock price appreciation in the group’s 7 key listed companies, which have surged an average of 819% in that period.
The investigation entailed consulting with numerous individuals, including previous high-ranking executives of the Adani Group, scrutinizing thousands of documents, and conducting examination visits in nearly half a dozen countries.
Hindenburg Research argues that even disregarding the evidence from their investigat...