Just two weeks after publishing a report alleging the Adani Group of “pulling the largest con in corporate history,” US short-seller Hindenburg Research has sparked a global sell-off of Adani shares, with losses surging to over $110 billion. Despite issuing a lengthy rebuttal to the report, the fallout was severe enough to convince Gautam Adani, the conglomerate’s namesake founder and chairman, to cancel a historic $2.5 billion secondary share offering.