Adani Group lost billions in market value after US-based research firm Hindenburg accused it of stock manipulation Indian billionaire Gautam Adani has accused US-based Hindenburg Research of a “deliberate and malicious attempt” to ruin the reputation of his company, major conglomerate Adani Group. A Hindenburg report in January labeled Adani Group the largest corporate fraud in history, accusing it of long-running stock manipulation and accounting fraud. Adani Group has denied the allegations. Speaking on Tuesday at the annual general meeting of the group’s flagship firm Adani Enterprises, Adani said the report ai
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