One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar fraud

(Credit: Abhijit Bhatlekar—Bloomberg/Getty Images)

Asia’s wealthiest person saw his fortune take a hit on Wednesday, after a famed U.S. short-seller accused him of “pulling the largest con in corporate history.”

In a report published on Tuesday, Hindenburg Research said Adani Group and its founder, Gautam Adani—one of the richest people in the world—had engaged in “a brazen stock manipulation and accounting fraud scheme over the course of decades.”