• 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...
    Read more ...