Hindenburg allegations not more than a red herring: Adani group

Adani group on Sunday said the latest allegations Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering with wanton disregard for facts and the law, 

“We completely reject these allegations against the Adani group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon’ble Supreme Court in March 2023,” the spokesperson for Adani said..

“It is reiterated that our overseas holding structure is fully transparent, with all relevant details disclosed regularly in numerous public documents. Furthermore, Anil Ahuja was a nominee director of 3i investment fund in Adani Power (2007-2008) and, later, a director of Adani Enterprises until 2017,” the statement added.

“For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg’s allegations are no more than red herrings thrown by a desperate entity with total contempt for Indian laws,” Adani group said in a statement.. 

• Also read: Adani Group rejects Hindenburg’s fresh allegations, says US-based short seller using manipulative information for profiteering