New Delhi CNN —
Adani Group has published a detailed rebuttal running to more than 400 pages against allegations of fraud made by a US investment firm, calling the short seller’s investigation of the ports-to-power conglomerate “a calculated attack on India.”
Hindenburg Research released a report on billionaire Gautam Adani’s business last week, accusing it of “brazen stock manipulation and accounting fraud scheme over the course of decades.” It said it had taken a short position in the Adani Group’s companies, meaning it would benefit from a drop in their value.
Since the release of Hindenburg’s report,
→ Continue reading at CNN - Business News
