A report that said a company owned by Asia’s richest man, Gautam Adani was “brazen” about stock manipulation and accounting fraud got a response from the company.
The Adani Group, which Gautam Adani started, called the report from the US investment firm “malicious” and “selective misinformation.”
The group’s market value dropped by almost $11 billion (£8.7 billion) after the research was made public on Wednesday.
Adani Group is one of the largest businesses in India. It can be used in a lot of different places, like trading commodities, airports, utilities, and clean energy. Forbes magazine says that Mr. Adani, who is the fourth richest person in the world, is in charge of it...Read More
Source: California Gazette