Hindenburg’s critique of the Adani empire

Not a dayTV goes by in India without news of the exploits of its wealthiest tycoon, Gautam Adani. In September his fortune was estimated at $140bn, double what it was the year before, largely thanks to the huge gains of the seven publicly listed companies he controls. That encouraged new acquisitions, including an Israeli port, an Indian -news network and the country’s second-largest cement producer.