After the negative report of Hindenburg, the shares of listed companies of Adani Group fell heavily.
In one stroke, the net worth of Asia's biggest Amir Gautam Adani got cleared by about $ 6 billion (4,89,20,64,00,000).
The Hindenburg report has claimed that the valuation of 7 big companies of Adani Group listed in the stock market is more than 85 percent.
In the latest report of Hindenburg Research, 88 questions have been asked to the Adani Group.
Hindenburg asked why Gautam Adani's younger brother Rajesh Adani has been made the MD of the group.
According to Hindenburg, the above were charged with custom tax evasion, forging import documents, and importing illegal coal.
Hindenburg has asked the Adani Group why Gautam Adani's brother-in-law Samiro Vora has been made the executive director of the Adani Australia division.
According to the Hindenburg Research Agency, Sameer Vora's name was figured in the diamond trade scam.
Adani Group has dismissed the report published by Hindenburg Research as malicious.
Because of this report, Gautam Adani has come to the 7th position in Forbes's list of richest people.
On Wednesday, shares of Adani's companies plunged 6 to 7 percent. The process of falling shares is still going on.
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