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Adani Group responded by accusing Hindenburg Research of launching "a calculated attack" on India. [30] In response, Hindenburg Research released a statement saying that Adani had dodged key questions raised by the firm's report and instead resorted to threats. The firm stated they stand by their statement and dared Adani group to sue. [31]
Nathan Anderson is the founder of Hindenburg Research, ... an Indian conglomerate headed by Gautam Adani, one of the world’s richest men. ...
It lost more than $104 billion in value after fraud and market manipulation allegations by short-seller firm Hindenburg Research. [17] [18] In May 2024, the Adani Group's market capitalization returned to over $200 billion after the Supreme Court directed the Securities and Exchange Board of India (SEBI) to expedite its investigation. [19]
Gautam Adani, 62, was charged in a federal indictment unsealed Wednesday with securities fraud and conspiracy to commit securities and wire fraud. ... Last year, Hindenburg Research, a U.S.-based ...
When Hindenburg Research published a report into Gautam Adani’s sprawling business empire in January 2023, accusing Asia’s then richest man of fraud going back decades, the impact was ...
The crisis is the second in two years to hit the Adani group, which was last year accused by short seller Hindenburg Research of improperly using offshore tax havens. The company denied those claims.
The Adani Group said that the Hindenburg Research report was "malicious combination of selective misinformation and stale" information, [47] [51] and that they were "evaluating the relevant provisions under U.S. and Indian laws for remedial and punitive action against Hindenburg Research".
Indian billionaire Gautam Adani faced fresh allegations from Hindenburg, leading to a $2.43 billion loss for Adani companies. Value of company run by one of the world's richest people slides after ...