Indian Businessman adani faces loss of 65 dollars within period of 3 days

Nepali Janta

Businessman Gautam Adani faces loss of 65 dollars within 3 days which is equal to approximate of 85 billion Nepali rupees. The share value of Adani company has immensely decreased in January 25 , 27 and 30. The share value of company has decreased by 29 percent.

The reason behind the fall of company is believed to be the report publicly displayed by American forensic financial Hindenburg Adani.

Due to the obvious loss of his company Gautam Adani has been removed from the Top 5 list of richest person and is currently positioned as the eighth richest person in the world.

Registering Adani company in foreign to avoid paying taxes and Appointing his own relatives and brothers in a top rank position and some other irregularity allegations has been faced by Adani company.

Hindenburg’s report claimed that the Adani community has deposited their share to receive bank loans and due to it most company has been resolved.

The report is assembled by Hindenburg after 8 years of deep research and some of the allegation’s was proclaimed by the Ex employees nevertheless the Adani community protest that reports to be just another scuttlebutt and none of it is to be believed.

Published Date : 31 Jan 2023

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