A version of this story was first published in sister publication, AsianInvestor.
A January 25 report by Hindenburg Research accused India’s Adani Group of stock manipulation, accounting fraud and a host of other misconducts, sending the investment community into a tizzy.
Soon after the release of the US-based short-seller's report, the industrial empire of Gautam Adani - once Asia's richest man - lost approximately $112 billion of its market capitalisation, equivalent to roughly half of its original value.
The crisis brought to the fore the risks and challenges of investing in emerging market EM companies.
While EMs are...
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