I can't take it to clear!! Gotham Adani slips away as Asia's richest man After t

[jira22233]

Dropped from the position of Asia's number one SLOTXO TRUE WALLET billionaire "Gotam Adani" when the success of the IPO Still can't stop an investor from pouring his business empire. Until recently, the wealth disappeared to $ 84,000 million within 5 days, due to reports from American investment firms that accused India's conglomerate manipulates stock prices and defrauds

Share prices of Adani Group companies were sold for the fifth straight day on Wednesday (Feb. s It dropped to 15th place with a net worth of $76.8 billion, well below its major compatriot Mukesh Ambani, chairman of Reliance Industries, who was in ninth place with a net worth of $83.6 billion.

However, before Hindenburg, an American investment company specializing in short cells will publish a report on Adani group last week Adani is the number 3 billionaire in the world and number 1 in Asia.

This loss had a profound effect on Adani. A billionaire who left school midway And now there are businesses from ports and airports to mining and cement. But they are fighting to regain business stability and restore their reputation.

The latest move comes just a day after Adani. The group was able to garner investor support in bringing in Adani shares. Enterprise was sold for $2.5 billion, which some saw as It confirms the confidence of investors.

The Hindenburg report accused Adani Group of misusing offshore centers known for tax evasion. Including the behavior of stock manipulation He also expressed concern about the large debt and the value of Adani Group's seven listed companies. This shameless stock manipulation and accounting fraud is arguably the biggest fraud in business history.

Adani said he was the victim of a malicious attack on Hindenburg's reputation. And on Sunday, the Indian conglomerate issued a 413-page statement saying Hindenberg's allegations were lies. but was retaliated by an investment company from America The statement did not address the most important questions addressed in its report.

Adani stock price Enterprise Gas, often described as the baby incubator of Adani's businesses, fell 30% on Wednesday, but the heaviest was Adani Total Gas at Total Energy. The French energy giant's 37.4 percent stake was suspended again after its share price continued to fall 10 percent and lost a total value of $27 billion.

Ambarish Balika, an independent market analyst based in Mumbai, said the continued fall in share prices despite Adani's rebuttal statements suggests that Investor confidence has been partially destroyed and it will take some time to recover.