Billionaire Gautam Adani calls on India for help to save his empire

Billionaire Gautam Adani is under siege.

Since January 24, Asia’s richest man has been facing serious allegations of fraud, money laundering and price manipulation that threaten to strip him of a large part of his fortune.

The New York investment company Hindenburg Research has indeed launched an offensive against one of the largest Indian conglomerates.

“We have found evidence of brutal accounting fraud, stock manipulation and money laundering at Adani that have occurred over decades,” Hindenburg wrote in a report published Jan. 24.

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