Adani May Sue United States Based Hindenburg Research For Accusing His Company of Stock Manipulation and Accounting Fraud

Gautam Adani, India’s billionaire, is considering legal action against Hindenburg Research, which accused his company of “brazen stock manipulation and accounting fraud” in a report that wiped nearly Rs 97,000 crore off the value of his conglomerate’s shares in Wednesday’s trade. The Hindenburg report pointed out a web of Adani family-controlled offshore shell entities in

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