US-based short seller Hindenburg Research released a scathing report that accused the Adani Group of market manipulation and accounting fraud.

• According to the report, Adani was involved in fraud schemes and stock manipulation. The exact word used by the report is “BRAZEN” Stock Manipulation. Brazen means without shame.
• The net worth of Adani is 120 billion USD. He accumulated 100 billion USD in the last three years alone! Most of the accumulated wealth comes from stock price appreciation
• Seven of the Adani company prices spiked 819% during the last three years. The reality is that all these seven companies that brought in stock hikes are actually in debt and liquidity pressure