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Hindenburg strikes again: Billions erased as Adani Group is accused of ‘historic' corporate fraud
12 days ago - By Fast Company
Adani Group, owned by billionaire Gautam Adani, disputed the accusations, but Hindenburg has an impressive record for takedowns.
Activist short-seller Hindenburg Research on Wednesday accused Asia's richest person, Gautam Adani, of perpetrating “brazen market manipulation” and decades of fraud to help his family amass their fortune. Late Tuesday, the investment firm run by forensic financial researcher Nate Anderson tweeted that the report's findings reveal “what we strongly suspect to be the largest corporate fraud in history.”
Read more ...Jeff Bezos Surpasses Billionaire Gautam Adani As World's Third-Richest Person After Short Seller's Scathing Report
12 days ago - By Forbes
Shares of Adani Group firms slid after short seller Hindenburg Research claimed Adani engaged in brazen stock manipulation. Now for the first time since September, Adani isn't among the world's three richest people.
Read more ...The short-seller who exposed fraud at Nikola is now targeting a conglomerate owned by the 4th richest person in the world
12 days ago - By Business Insider
Amit Dave/Reuters The short-seller that helped expose fraud at Nikola Motors is now targeting a firm owned by the fourth richest person in the world. Hindenburg Research issued a short-report on the India-based Adani Group on Wednesday. Hindenburg alleged that Gautam Adani is "pulling the largest con in corporate history." Hindenburg Research rose to prominence when it exposed fraud at Nikola Motors in 2020, which ultimately led to the downfall of its founder, Trevor Milton, and a more than 90% decline in Nikola's stock price. Now, the short-selling outfit has turned its attention to...
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Microsoft Atlanta campus: Early proposal included 12 office buildings
Atlanta Business Chronicle obtained early site concepts for the Microsoft campus after the company confirmed it paused planning on its 90-acre East Coast tech campus in Grove Park.
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How Brazil Can Use Domestic Fertilizer Production To Ensure Its Continued...
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The Advantages-and Drawbacks-of Central Bank Digital Currencies
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The 2023 Forbes Blockchain 50 Reveals Top Enterprises Continuing To Invest...
How Are The Leading Countries Faring On The Path To Net Zero?
Most Organisation for Economic Co-operation and Development nations aim to reach net zero by 2050, while developing countries plan to get there a decade or two later. However...
Bed Bath & Beyond Stock Sinks 40%-And One Firm Warns It Will Hit $0
The embattled stock's moment of meme-inspired glory was short-lived.