Hindenburg Research has accused the Adani Group of committing the largest con in corporate history
This is the full press release from Hindenburg Research, the activist short seller research group that exposed and took down Nikola/Trevor Milton
For those who are unfamiliar with the Adani group: <a rel="noreferrer nofollow noopener" href="https://en.wikipedia.org/wiki/Adani_Group" target="_blank">https://en.wikipedia.org/wiki/Adani_Group</a>
It was founded by Gautam Adani, the 3rd richest person in the world and the richest person in Asia, with a net worth of ~$130 billion. Over $100B of that was accumulated over the past 3 years through stock appreciation.
Hindenburg Research has accused Adani of committing decades of accounting fraud and illegal stock manipulation, after a 2 years long investigation and interviews with key personals within the company.
Full release: Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History
<a rel="noreferrer nofollow noopener" href="https://hindenburgresearch.com/adani/." target="_blank">https://hindenburgresearch.com/adani/.</a>