Adani Group denies allegations of the "largest fraud" in corporate history

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by Hindenburg Research, a US-based investment research firm

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Billionaire Gautam Adani issues a video message to investors explaining the decision

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behind Adani Enterprises withdrawing a fully subscribed follow-on public offer (FPO)

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Adani says the decision to withdraw the FPO was due to the volatility of the market

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and felt it wouldn't have been "morally correct" to proceed with it

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The allegations against Adani Group have turned political,

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with opposition MPs demanding a discussion in Parliament

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Adani, once the third-richest person in the world and the richest from Asia, is no longer

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among the top ten wealthiest people and has lost the title of richest Asian to Mukesh Ambani

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