Market Views: Adani crisis and the risks of EM investing
The Adani allegations have placed the importance of effective due diligence in the spotlight. AsianInvestor asked asset managers and analysts about common red flags investors can look for to avoid getting caught in such issues.
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 challe…
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