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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: February 3, 2023

Written by FinCrimeFebruary 3, 2023

A U.S. short seller’s fraud claims dethroned Asia’s richest man. Here’s what to know.

Reported by: Mithil Aggarwal Gautam Adani rose from college dropout to become Asia’s richest man — but now he’s seen his empire rocked by a week of turmoil.  The Indian tycoon has lost his title, and tens of billions in personal wealth, in a matter of days after a U.S.-based short-selling firm accused him of “the largest con […]

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