Hindenburg’s ghost is not giving up chasing Adani, now investigation started in America, as soon as the news came, ₹ 52000 crores

Investigation begins in America

On January 24, Hindenburg made several revelations regarding the Adani group. After these revelations, the Adani group did roadshows abroad to win back the confidence of investors. Everything seemed to be going well, but once again Adani has suffered a major setback. The big investors who have large holdings in Adani Group companies are now being questioned. The US Securities and Exchange Commission in New York, USA, is probing investors who invested in the Adani Group. The probe agency is trying to ascertain what information Adani Group has given to investors after the Hindenburg report came out. The US Attorney’s Office has started questioning Adani Group’s major shareholders and institutional investors.

share boom as soon as the news comes

Let us tell you that Adani’s companies are already under investigation in India. Monitoring of Adani’s companies has been increased following the order of the Supreme Court. SEBI is probing Adani’s companies. SEBI has asked for more time to complete the investigation of Adani’s companies. Significantly, Hindenburg has accused Adani’s companies of share manipulation and accounting fraud. As soon as the news of the investigation of investors in America came, there has been a tremendous decline in the shares of Adani. Shares of all ten companies of Adani including Adani Enterprises declined by 6 per cent, Adani Transmission by 5 per cent.