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Stock in companies run by world's third-wealthiest billionaire slump after short-seller report

Published: Jan. 25, 2023 at 5:14 a.m. ET Chairman of the Adani Group Gautam Adani speaks during a press conference in Ahmedabad. sam panthaky/Agence France-Presse/Getty Images U.S. short seller Hindenburg Research has accused Indian conglomerate Adani Group of “brazen stock manipulation and accounting fraud” in a scathing report that pressured shares of affiliated companies. Adani
Financial Press

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stock-in-companies-run-by-world's-third-wealthiest-billionaire-slump-after-short-seller-report

Chairman of the Adani Group Gautam Adani speaks during a press conference in Ahmedabad.

sam panthaky/Agence France-Presse/Getty Images

U.S. short seller Hindenburg Research has accused Indian conglomerate Adani Group of “brazen stock manipulation and accounting fraud” in a scathing report that pressured shares of affiliated companies.

Adani Group is chaired by billionaire tycoon Gautam Adani, who is currently the world’s third richest man and is worth almost $119 billion, according to Bloomberg.

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