Short seller firm Hindenburg announced its short position in Adani Group companies ahead of India's market open on Wednesday.
A man wearing a helmet passes by an advertisment board of Adani Reality in Mumbai, India, 23 November, 2022. Short seller firm Hindenburg announced its short position in Adani Group companies ahead of India's market open on Wednesday and accused billionaire"After extensive research, we have taken a short position in Adani Group Companies through U.S.
-traded bonds and non-Indian-traded derivative instruments," Hindenburg announced in a lengthy"Today we reveal the findings of our 2-year investigation, presenting evidence that the INR 17.8 trillion Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades," Hindenburg said in its report.
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