Billionaire Gautam Adani asks India for help to save his empire

Billionaire Gautam Adani is under siege.

Since January 24, Asia’s richest man has faced serious allegations of fraud, money laundering and price manipulation that threaten to rob him of much of his fortune.

Indeed, the New York investment firm Hindenburg Research has launched an offensive against one of the largest Indian conglomerates.

“We have uncovered evidence of blatant accounting fraud, stock manipulation and money laundering at Adani, which occurred over decades,” Hindenburg wrote in a report released on Jan. 24.

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