How the Adani Empire Crumbled So Quickly

The transcript discusses the wealth of Adani, a prominent industrialist, and the allegations made by Hindenburg Research accusing him of corporate fraud. Despite a lengthy rebuttal, investor confidence waned, leading to significant market losses and Credit Suisse's decision to stop accepting Adani's bonds as collateral. The situation's resolution may depend on Indian Prime Minister Narendra Modi, with potential implications for investor sentiment in India and emerging markets.

What was the primary accusation made by Hindenburg Research against Adani?

• Environmental violations

• Corporate fraud

• Tax evasion

• Labor exploitation

How much did Adani's companies lose in stock market value within a week?

• $50 billion

• $200 billion

• $75 billion

• $108 billion

What action did Adani have to take regarding a $2.4 billion share sale?

• Increase the sale amount

• Cancel the sale

• Postpone the sale

• Proceed with the sale

Which financial institution decided to stop accepting Adani's bonds as collateral?

• Goldman Sachs

• Credit Suisse

• JP Morgan

• Deutsche Bank

What is the potential impact of Modi's response to the Adani crisis?

• Improved relations with neighboring countries

• Strengthening of the Indian currency

• Lasting consequences for investor sentiment towards India

• Increase in foreign investments