On January 24, a US-based investment research firm named Hindenburg Research published a report on the Adani Group, revealing the findings of their two-year investigation. The report titled 'Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History' made many allegations against the conglomerate, saying that the group has been involved 'in a brazen stock manipulation and accounting fraud scheme over the course of decades.'
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