Finance

A $50 billion bloodbath: Asia’s richest man hit by massive sell-off as Adani group faces fraud claims

Shares of Adani group companies tumbled by up to 20% on Friday following allegations of fraud by Hindenburg Research

Address: Indian billionaire Gautam Adani speaks to delegates during the Bengal Global Business Summit in Kolkata in April.
Address: Indian billionaire Gautam Adani speaks to delegates during the Bengal Global Business Summit in Kolkata in April.Photo: REUTERS/RUPAK DE CHOWDHURI
  • Nishant Ugal
New Delhi
IndiaAdaniGautam AdaniAdani Green EnergyHindenburg
Published 27 January 2023, 10:14Updated 27 January 2023, 13:40