Gautam Adani: Asia’s richest man loses $28 billion in a month


Overseas in India shares of adani group companies continue to slide for a third straight session following a report from short seller Hindenburg that accused the conglomerate of stock manipulation and an accounting fraud scheme the adani group published a lengthy response to hindenburg's report over the weekend saying it would pursue remedies to.

Protect investors before all appropriate authorities Hindenburg says adani's response failed to address the core allegations of its report a dining group affiliate companies including the gas and transmission stocks dropped by the daily 20 limit in today's session in Mumbai the drop in the group stocks represents a decline of nearly 28.

Billion dollars in the fortune of founder Gautam adani the richest person in Asia he once ranked second on the world's richest list behind only Elon Musk but he has now fallen to seven

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