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Company controlled by Asia’s richest person loses $51 billion in value in one week

Por: The Hill Politics January 30, 2023

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The Adani Group, controlled by Asia’s richest person, Gautam Adani, lost more than $51 billion in value this week after a short seller accused the company of engaging in a “brazen stock manipulation and accounting fraud scheme.” The company’s stocks began plummeting on Tuesday following the release of the and it had lost more than $51 billion in market value as of Friday, according to . Hindenburg responded, claiming that the Adani... + full article



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