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The Guardian - AU

National

Antoun Issa

Afternoon Update: US investor dares Adani to sue over report; NBL pride jersey controversy; and a February events guide

NBL United States Gautam Adani Anthony Albanese Pat Anderson Isaac Humphries Australia Hindenburg Research Pantera

Adani Corporate House in Ahmedabad, India — A report from US investor firm Hindenburg Research resulted in the Adani group losing US$9.4bn (A$13.2bn) in value Photograph: Ashish Vaishnav/SOPA Images/REX/Shutterstock

The fallout has continued today after an explosive report accused the Adani Group of the “biggest con in corporate history”.

The Indian conglomerate – headed by Gautam Adani, the world’s third-richest man – is accused of “brazen stock manipulation and accounting fraud scheme”. The report from US investor firm Hindenburg Research resulted in the group losing US$9.4bn (A$13.2bn) in value.

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