Gautam Adani vs Hindenburg: Adani group is looting India by wearing tricolor… Hindenburg’s reply to Adani – fraud cannot be obfuscated by nationalism hindenburg reply to gautam adani’s rebuttal

Gautam Adani vs Hindenburg: Adani group is looting India by wearing tricolor… Hindenburg’s reply to Adani – fraud cannot be obfuscated by nationalism hindenburg reply to gautam adani’s rebuttal


New Delhi: Due to a report by America’s short-selling firm Hindenburg Research, there is an uproar in the Adani Group these days. This report, which came out last Wednesday, claimed that the Adani Group has been involved in blatant stock manipulation and account fraud for decades. Due to this, Adani Group shares fell heavily on Wednesday and Friday. Today, a mixed trend is being seen in the shares of the group. The Adani Group had sent a 413-page reply to the Hindenburg Research report. Today the response of the American company also came on this. He says that fraud cannot be avoided by cloaking nationalism. Adani Group has tried to divert attention from real issues. Instead of answering the allegations, Adani Group is resorting to nationalism.

Hindenburg Research said, ‘We believe that India is a vibrant democracy and is emerging as a superpower. We also believe that Adani Group is playing with the future of India. This group is looting the country under the guise of nationalism. The US firm said it had asked Adani Group 88 questions out of which it did not answer 62 questions. Many of these questions were asked about the nature of transactions and conflicts of interest. But Adani Group did not give any answer to them. That is, Adani Group has confirmed the report in a way.

Adani’s answer

Earlier, a statement was issued by Adani Group on Sunday. The group also issued a 413-page response to Hindenburg’s allegations. The group described Hindenburg’s allegations as an attack on India. The group said it was shocked and deeply troubled to read the Hindenburg Research report on January 24 on the ‘Madoffs of Manhattan’. This report is nothing but a lie. In this, baseless allegations have been made to defame the group for a specific purpose. Due to this report, there has been a huge fall in the shares of Adani Group.



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