This is the full press release from Hindenburg Research, the activist short seller research group that exposed and took down Nikola/Trevor Milton
For those who are unfamiliar with the Adani group: https://en.wikipedia.org/wiki/Adani_Group
It was founded by Gautam Adani, the 3rd richest person in the world and the richest person in Asia, with a net worth of ~$130 billion. Over $100B of that was accumulated over the past 3 years through stock appreciation.
Hindenburg Research has accused Adani of committing decades of accounting fraud and illegal stock manipulation, after a 2 years long investigation and interviews with key personals within the company.
Full release: Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History .
Submitted January 25, 2023 at 03:07AM by cookingboy https://ift.tt/MSyoHzF
