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New York
CNN
—
Asia’s richest man is in the crosshairs of a research firm whose very name evokes panic.
Hindenburg Research — named after the 1937 airship disaster — is a relatively young, small New York financial researcher known for taking bold bets against high-flying corporations that it believes are overvalued, fraudulent, or both.
Last week, Hindenburg stunned investors when it released a report based on what it said was a two-year investigation into the Adani Group, one of India’s largest multinational conglomerates.
The report and the selloff it sparked — erasing some $70 billion in market value across Adani Group companies — is renewing concerns about the group’s corporate governance, as well as stoking…
