Hindenburg lashes out on Sebi over Adani report

Tuesday, 2 July 2024
Hindenburg Research has criticized the Securities and Exchange Board of India (Sebi) for not addressing alleged fraud in its report on the Adani Group. In June, Sebi sent a notice to Hindenburg, claiming the report contained misrepresentations and inaccuracies intended to mislead readers. Hindenburg's report, published in January 2023, accused the Adani Group of widespread corporate misconduct.

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