The Short Seller Costing the Adani Group Billions
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 6 February 2023
⏱️ 17 minutes
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| 0:00.0 | The Adani Group is one of the most well-known companies in India. |
| 0:09.3 | And it's run by one of the richest people in the world. |
| 0:12.2 | Got him a Donnie. |
| 0:15.5 | His very sprawling business empire touches the lives of almost everyone here in India. |
| 0:23.6 | That's our colleague Sean Lee, who's based in New Delhi. |
| 0:26.9 | When you walk into a grocery store, you're likely to find cooking oil and fruit from |
| 0:33.6 | his companies. |
| 0:34.8 | His ports are just huge points for flow of goods through India and through much of the region. |
| 0:41.6 | He operates six airports and his power plants and his coal lights up people's homes, their |
| 0:49.2 | offices, their businesses. |
| 0:51.3 | His name is on billboards, you know, on shipping docks. |
| 0:54.6 | It's hard to go anywhere in India without encountering some aspect of his business. |
| 1:01.2 | But now, Adani's companies are under fire. |
| 1:04.2 | Thanks to allegations published in a report by an American short seller. |
| 1:08.6 | The title of the report is How the World's Third Riches Man is pulling the largest con |
| 1:14.8 | in corporate history. |
| 1:16.3 | That's quite the headline. |
| 1:18.2 | Yes, it's over a hundred pages. |
| 1:21.0 | It's quite detailed. |
| 1:22.9 | The allegations are pretty explosive. |
| 1:29.8 | Welcome to the journal, our show about money, business and power. |
| 1:33.8 | I'm Ryan Knutson. |
... |
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