Allegations preposterous, irrational and absurd: Adani Group
The Adani Group on Thursday unequivocally rejected and denied baseless allegations regarding claims by US short-seller Hindenburg Research that Swiss authorities have frozen its funds.
The Adani Group on Thursday unequivocally rejected and denied baseless allegations regarding claims by US short-seller Hindenburg Research that Swiss authorities have frozen its funds.
The Financial Services Commission, Mauritius on Tuesday issued a statement on the latest allegations cited in the US Short seller Hindenburg research report.
Slamming the latest Hindenburg allegations as not merely frivolous but cheap antics, market experts on Monday said the US short-seller has nothing substantial to talk about even 18 months later.
In a stock exchange filing, the Group completely rejected these allegations “which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Honourable Supreme Court in January 2024”.
BJP national spokesperson CR Kesavan hit out at the recent Hindenburg report and its allegations on market regulator SEBI chairperson Madhabi Buch.
Reacting sharply to the new Hindenburg Research report, Congress on Sunday accused Prime Minister Narendra Modi of a conspiracy to save his best friend in the name of investigation.
In its report that has been filed on its website, Hindenburg has cited various sources to bolster its allegations against the SEBI chairperson.
US-based firm Hindenburg Research on August 10 alleged that SEBI's Chairperson Madhabi Buch and her husband had a stake in "both the obscure offshore entities used in the Adani money siphoning scandal."
The recent publication of SEBI’s detailed showcause notice of 26 June 2024 to the Hindenburg Report has unmasked a calculated assault on India’s thriving economy.
The shares of Kotak Mahindra Bank fell nearly 2.5 per cent on Tuesday after Hindenburg Research, in its reply to markets regulator SEBI's show-cause notice
