Indian mining magnate Gautam Adani has slipped out of the top 10 of the world’s richest people after a horror few days for his company.
In the past week, Mr Adani has watched on as his empire plunged by more than $US70 billion ($A99 million) in market value amid a mass, panicked sell-off from investors.
It followed India’s $US218 billion ($A309 billion) Adani Group being slammed by US activist investment group Hindenburg Research, for purportedly carrying out fraud for years on end.
The Hindenburg research group has accused the Adani group of “brazen accounting fraud, stock manipulation and money laundering at Adani, taking p...
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