Asia's richest man slams short-seller's fraud claims as 'baseless' and 'malicious'

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022.

India's Adani Group on Wednesday denounced allegations of fraud made by US-based short seller Hindenburg Research as "baseless" and a "malicious combination of selective misinformation."

Hindenburg Research published an investigation on billionaire Gautam Adani's sprawling conglomerate on Tuesday, accusing it of "brazen stock manipulation and accounting fraud scheme over the course of decades."

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