Gautam Adani Lost $45 billion,
Fb
0
1067
1 / 4
1. $48 billion wiped off Adani Group firms in 2 days as Hindenburg alleges fraud
• Shares of Adani Group companies have lost about $48 billion from their market capitalization in less than two trading sessions.
• A report by Hindenburg Research alleging "brazen fraud" at Adani companies has
triggered a sell-off, which saw some of its stocks decline up to 20%.
• Adani Group has called the report "malicious" and is planning legal action
against the firm.
