World’s Third-Richest Man Accused Of ‘Largest Con In History’

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. (Photo by INDRANIL MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images)

At a glance

  • Gautam Adani, the world’s third-richest man, has been accused of pulling of the “largest con in corporate history” through the Indian-based Adani Group corporation.
  • U.S. investor Hindenburg Research, which has begun short selling the conglomerate through bonds, conducted a two-year probe into 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.

Top News Stories

You May Like: