{"id":52156,"date":"2023-01-26T01:40:22","date_gmt":"2023-01-25T16:40:22","guid":{"rendered":"https:\/\/www.theguardian.com\/business\/2023\/jan\/25\/adani-group-firms-lose-9bn-in-value-amid-short-seller-claims"},"modified":"2023-01-26T01:40:22","modified_gmt":"2023-01-25T16:40:22","slug":"adani-group-firms-lose-9bn-in-value-amid-short-seller-claims","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=52156","title":{"rendered":"Adani Group firms lose $9bn in value amid short-seller claims"},"content":{"rendered":"<p>Hindenburg Research says world\u2019s third-richest person, Gautam Adani, is pulling \u2018largest con in corporate history\u2019<\/p>\n<p>More than $9bn (\u00a37.3bn) was wiped off the fortune of companies partly owned by the world\u2019s third-richest person, after an activist investor accused him of \u201cpulling the largest con in corporate history\u201d.<\/p>\n<p>Shares in listed companies tied to Adani\u2019s empire Adani Group lost $9.4bn in market value on Wednesday after short seller investment firm Hindenburg Research <a href=\"https:\/\/hindenburgresearch.com\/adani\/\">published a detailed investigation<\/a> into accusations of \u201cbrazen stock manipulation\u201d, \u201caccounting fraud\u201d and \u201cmoney laundering.\u201d<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2023\/jan\/25\/adani-group-firms-lose-9bn-in-value-amid-short-seller-claims\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hindenburg Research says world\u2019s third-richest person, Gautam Adani, is pulling \u2018largest con in corporate history\u2019More than $9bn (\u00a37.3bn) was wiped off the fortune of companies partly owned by the world\u2019s third-richest person, after an activist investo&#8230;<\/p>\n","protected":false},"author":1376,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[630,6,1779,294,62,61,42],"tags":[],"class_list":["post-52156","post","type-post","status-publish","format-standard","hentry","category-adani-group","category-business","category-corporate-governance","category-financial-sector","category-india","category-south-and-central-asia","category-world-news"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/1376"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52156"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52156\/revisions"}],"predecessor-version":[{"id":52157,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52156\/revisions\/52157"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}