ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Adani Group

Gautam Adani's empire in crisis: 5 things to know

Indian billionaire and his conglomerate are reeling from short-seller attack

Gautam Adani's personal wealth has been hit hard in the fallout from a blistering report by a U.S. short-seller. (Nikkei montage/AFP/Jiji/AP/Reuters)

BENGALURU -- Until just over a week ago, Gautam Adani projected the image of a near-invincible business tycoon whose corporate empire and wealth looked set to expand relentlessly. After all, his huge conglomerate had emerged as a key player in India's push to develop slick highways, gleaming airports and other world-class infrastructure.

But that all changed on Jan. 25 when U.S. short-seller Hindenburg Research launched a blistering attack against the Adani Group, accusing it of stock manipulation, accounting fraud and a host of other wrongdoing.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more