Fraud Claims

Amid the Hindenburg Research claims of fraud, the Adani Group has lost $34 billion in just 3 days. On January 31, the fortune of Gautam Adani slipped to $84.4 billion, throwing the company to the 11th spot from the previous 4th position in Bloomberg's Billionaire Index. The current war between Hindenburg and Adani left the company with a $68 billion washed-away market value, currently.