Hindenburg: “We shook some empires that we felt wanted shaking”
That Hindenburg Analysis report had accused the Adani Group of partaking in a ‘brazen inventory manipulation and accounting fraud scheme over many years’, citing substantial debt ranges and undisclosed related-party transactions. The group has constantly denied these allegations, dismissing them as ‘malicious’ and ‘selective misinformation’. Additional controversy arose in December 2024, nevertheless, when US prosecutors…