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Stock in companies run by world’s third-wealthiest billionaire slump after short-seller report
![Stock in companies run by world's third-wealthiest billionaire slump after short-seller report](https://nlbulletin.com/wp-content/uploads/2023/01/Stock-in-companies-run-by-worlds-third-wealthiest-billionaire-slump-after-780x470.jpeg)
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U.S. short seller Hindenburg Research has accused Indian conglomerate Adani Group of “brazen stock manipulation and accounting fraud” in a scathing report that pressured shares of affiliated companies.
Adani Group is chaired by billionaire tycoon Gautam Adani, who is currently the world’s third richest man and is worth almost $119 billion, according to Bloomberg.
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