'Finally, the loop is closed': Hindenburg reacts to OCCRP report on Adani group
Friday, 1 September 2023
Hindenburg Research has responded to reports alleging the use of offshore funds to manipulate shares of Adani Group companies, stating that "the loop is closed." The reports, from the Financial Times and OCCRP, claimed that offshore funds controlled by associates of Vinod Adani were used to obscure the involvement of business associates linked to the Adani family.
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