Adani Group threatens legal action against Hindenburg Research over ‘largest con’ claims

India-based conglomerate Adani Group is prepping for a potential legal war with Hindenburg Research after the influential short-seller accused company founder Gautam Adani of overseeing “the largest con in corporate history.” Adani’s top legal officer Jatin Jalundhwala said Hindenburg’s “maliciously mischievous, unresearched report” had “adversely affected” the company’s shareholders and caused “unwanted anguish for Indian…

Short seller Hindenburg accuses billionaire Gautam Adani of ‘largest con in corporate history’

Gautam Adani, the world’s third-richest man, is pulling “the largest con in corporate history” through his India-based conglomerate Adani Group, according to scathing allegations published this week by influential short seller Hindenburg Research. Hindenburg — whose previous targets have included electric-truck makers Nikola and Lordstown Motors — revealed in a research note late Tuesday it…