Adani group draws regulatory scrutiny in US after Hindenburg report
Friday, 23 June 2023
The US Attorney’s Office in Brooklyn and the Securities and Exchange Commission are investigating the Adani Group following short seller Hindenburg Research’s report accusing it of using offshore companies to manipulate share prices. The US probes focus on what Adani group told institutional investors with large holdings, adding to regulatory scrutiny of one of India's biggest conglomerates.
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