The Latest Breaking News from Hindenburg

Traders sent shares down more than 25% on Friday despite attempts to restore investor confidence following fraud claims

Mumbai (AFP) - Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday as a rout triggered by allegations of accounting fraud deepened.

MUMBAI: The business empire of under-fire Indian tycoon Gautam Adani has lost more than $100 billion in value over the past week as shares in several firms plunged again on Thursday, a day after the group cancelled a multi-billion-dollar public offering.

Mumbai (AFP) - The crisis around Indian tycoon Gautam Adani deepened Thursday with the total loss of value to his indebted empire topping $100 billion after it abruptly cancelled a stock sale.

Mumbai (AFP) - Under-fire Indian tycoon Gautam Adani insisted Thursday that the fundamentals of his conglomerate were "strong" even as shares in its companies plunged again after the group cancelled a multi-billion-dollar stock sale.

As Gautam Adani drops down the world’s rich list, here’s what we know about Hindenburg Research’s accusations and what they mean for the Indian conglomerate

By now, you might have heard about the tanking shares of the Adani firms. And how Gautam Adani, who was recently the second richest man in the world, has now dropped to the 15th position in the Forbes’ list of the world’s wealthiest. All over a week. 

Hindenburg Research is a financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling

Mumbai (AFP) - Shares in Gautam Adani's empire nosedived again on Wednesday as the Indian tycoon dropped off the Forbes top 10 rich list following allegations of massive accounting fraud.