U.S. short-seller Hindenburg Research has dismissed the charge that its report on Adani Group's malfeasance was a "calculated attack" on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignores key allegations.
The Adani Group's listed companies have lost over US $72 billion since the Jan 24 report of the New York firm flagged high debt levels at the ports-to-energy conglomerate and the alleged use of offshore entities in tax havens (Report, P9).
This story is from the January 31, 2023 edition of The Free Press Journal.
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This story is from the January 31, 2023 edition of The Free Press Journal.
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