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US examined Hindenburg charges before giving loan to Adani group
![IndiaTimes]()
Tuesday, 5 December 2023
The US government extended a $553 million loan to Gautam Adani's conglomerate for a container terminal in Sri Lanka despite allegations of corporate fraud by Hindenburg Research. The International Development Finance Corp (DFC) conducted a due diligence investigation and concluded that the accusations in the short-seller's report were not applicable to Adani Ports & Special Economic Zone Ltd, the subsidiary leading the Sri Lankan project. The DFC will continue to monitor Adani Group to prevent unintentional support of financial misconduct.
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Tuesday, 5 December 2023
