Short seller Hindenburg accuses billionaire Gautam Adani of ‘largest con in corporate history’

New York Post01/25/2023


Gautam Adani, the world’s third-richest man, is “the largest con in corporate history” through his India-based conglomerate Adani Group, according to scathing allegations published this week by influential short seller Hindenburg Research. Hindenburg — whose previous targets have included electric-truck makers Nikola and Lordstown Motors — revealed in a research note late Tuesday it had taken a short position in Adani Group and alleged that Adani’s rise in wealth was fueled by a variety of illegal misdeeds.