Hindenburg Research teases ‘another huge’ rep after the Adani explosion.

The fortune of Indian entrepreneur Gautam Adani has decreased by nearly 60% from its peak as a result of a prior analysis by Hindenburg Research.

Many began to speculate who the US short seller will target next after Hindenburg Research dropped a bombshell on Gujarat businessman Gautam Adani and said it would reveal “another large” expose.

On January 24, a US short-seller attacked the Adani Group with a 106-page report accusing the company of several financial misdeeds. Just prior to the Adani Enterprises share sale, the story caused a $86 billion decline in the group’s domestically listed stocks and an international bond sell-off.

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According to a recent survey, Gautam Adani, the head of the Adani Group, lost $28 billion, or over 60% from its height (when he was the second-richest person in the world). (READ ALSO: Gautam Adani’s fortune dropped by 60% after losing $3,000 every week: Report)

Although Hindenburg Research has not specified to whom they would provide the new research, there is widespread suspicion that it may address the continuing bank crisis.

A financial research company called Hindenburg Research investigates derivatives, credit, and shares for potential mismanagement, irregular bookkeeping, and hidden transactions. Before wagering its own money and betting against the aim, the company publishes its findings in reports.