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India’s Gautam Adani accused of pulling the ‘largest con in corporate history’

27 Jan 2023 - {{hitsCtrl.values.hits}}      

Indian billionaire Gautam Adani who has his businesses in several countries including investments in Sri Lanka’s wind and renewable energy sector, has been accused of pulling off the ‘largest con in corporate history’ through the Indian-based Adani Group Corporation.   

US investor Hindenburg Research, which has begun short selling the conglomerate through bonds, conducted a two-year probe against head Gautam Adani, who is worth $125 billion.   
The firm alleges that Adani and his family controlled a web of offshore shell accounts that it used to carry out corruption, money laundering and taxpayer theft, all while siphoning money from the companies they owned.