On March 23, Hindenburg Research, an investment research firm, announced that it will be publishing a new report in the near future. This comes two months after the firm’s previous report which claimed that Adani Group had been involved in a long-standing scheme of stock manipulation and accounting fraud. “New report soon—another big one,” Hindenburg … Read more
The Adani Group, led by Indian businessman Gautam Adani, failed to succeed in buying energy sector company DB Power for Rs 7,017 crore on Wednesday. According to the Times of India report, Adani Power, an Adani Group company, signed the documents related to the purchase of this company on August 18 last year. The deal … Read more
London-based investment firm Elara Capital is reported to have connections to the Adani Group, and the Indian conglomerate itself is being watched by the Financial Conduct Authority (FCA) in the UK, Financial News reports. Although the allegations mainly focus on group companies outside the UK, the FCA is investigating possible UK connections around Elara, according … Read more
The Adani group, which has been facing challenges on the stock market for ten days, has received a heavy blow from the Uttar Pradesh government. On January 24, after the American Forensic Financial Company Hindenburg made allegations related to financial irregularities in the Adani Group, the shares of its companies are continuously falling. According to … Read more
The Hindenburg Research responded to the Adani Group’s rebuttal of its accusations, calling it an “attempt to obfuscate by nationalism.” “The Adani Group has not even attempted to clarify its relationship with a Chinese national (Chang Chung-Ling), despite a plethora of ties,” the response added. In its latest statement, the short seller said the Adani … Read more
Shares of Adani Group companies fell sharply on Wednesday morning after activist investment firm Hindenburg Research revealed a short position against the conglomerate while accusing companies owned by the world’s third-richest person Gautam Adani of fraud. However, social media users alleged that the CIA is behind this research. In a report revealing its short position, … Read more
