Gautam Adani vs Hindenburg Report || World's Biggest Scam😱 || Hindenburg Report Explained??
Gautam Adani vs Hindenburg Report || World's Biggest Scam😱 || Hindenburg Report Explained??
#gautamadani #hindenburg
The Hindenburg Research report on the Adani Group, released in January 2023, is a critical analysis of the Indian conglomerate's financial and operational practices.
The report by Hindenburg Research, a US-based investment firm that accused the Adani Group of “stock manipulation and accounting fraud”, has triggered a steep fall in the share prices of group firms. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
The losses of India's Adani conglomerate exceeded $100 billion on Thursday, following a short-seller report that led the company to walk back a planned public share sale.
Losses across Gautam Adani's main businesses hit $107 billion by 10 a.m. London time on Thursday since the Jan. 24 publication of an extensive critical report from New York's Hindenburg Research, which disclosed a short position in Adani Group companies.
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