More than $9bn (£7.3bn) was wiped off the fortune of companies partly owned by the world’s third-richest person, after an activist investor accused him of “pulling the largest con in corporate history”.
Shares in listed companies tied to Adani’s empire Adani Group lost $9.4bn in market value on Wednesday after short seller investment firm Hindenburg Research published a detailed investigation into accusations of “brazen stock manipulation”, “accounting fraud” and “money laundering.”
