If you follow global business news, you've likely heard about Gautam Adani, once the world's third-richest person. But do you know the full story behind the fraud allegations that tanked his empire and why their potential dismissal is such a big deal?
Gautam Adani became a trending topic after a massive stock market crash wiped out over $100 billion from his conglomerate's value.
This dramatic fall followed a January 2023 report by Hindenburg Research, an American short-seller, accusing the Adani Group of widespread fraud, stock manipulation, and accounting irregularities over decades.