Asia’s richest man has 50 billion problems that didn’t exist three days ago. In the past 72 hours, Indian mining magnate Gautam Adani has watched on his empire plunged by US$50 billion ($76 billion) in market value. On Wednesday NZ time, US activist investment group Hindenburg Research released a bombshell report that accused the Adani Group of purportedly carrying out fraud for years on end. “We have uncovered evidence of brazen accounting fraud, stock manipulation and money laundering at Adani, taking place over the course of decades,” Hindenburg said in a note. Hindenburg also revealed it had taken a short ... (full story)