Short Seller Attack Shows Risks of Going Global for Adani Empire
- Hindenburg alleges ‘brazen’ market manipulation by Adani Group
- Tycoon has been looking to attract global and retail investors
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Gautam Adani was on top of the world, diversifying his conglomerate into everything from green energy to media as his fortune soared by $40 billion last year, and mounting ambitious expansion plans from Israel to Morocco.
Sure enough, the global spotlight has arrived — but not the sort he craved.