US’s Hindenburg Research alleges fraud in Adani group’s dealings

US’s Hindenburg Research alleges fraud in Adani group’s dealings

[ad_1] Chairman of Adani Group, Gautam Adani Hindenburg Research disclosed short positions in the Adani Group on Wednesday, accusing the conglomerate of the improperly wide use of businesses established in offshore tax havens and expressing worry about excessive debt levels. The revelation, which comes just days before Adani Enterprises’ (ADEL.NS) $2.5 billion share sale, sent … Read more