Adani Group has responded to the latest allegations made by Hindenburg. Adani Group has called this latest report of Hindenburg misleading. Adani Group has put forth its point on these allegations made by Hindenburg. The company has said in its official statement, “These allegations made by Hindenburg are a malicious, mischievous and manipulative selection of publicly available information, which reaches predetermined conclusions to make personal profits in violation of facts and law.”
Adani Group rejects Hindenburg’s latest allegations
The group further said in the statement, “We completely reject these allegations against the Adani Group, which are recycling of defamatory claims that have been thoroughly investigated, proven to be baseless and have already been quashed by the Hon’ble Supreme Court in January 2024. We once again state that our overseas holding structure is completely transparent, with all the necessary information regularly disclosed in all public documents. In addition, Anil Ahuja was a nominee director of 3i Investment Fund in Adani Power (2007-2008) and later, a director of Adani Enterprises till 2017.”
Deliberate attempt to malign the reputation of Adani Group
In an official statement issued on behalf of the group, the spokesperson of Adani Group further said, “Adani Group has no commercial relationship with the people or matters mentioned in the report in this deliberate attempt to malign our reputation. We are firmly committed to transparency and complying with all legal and regulatory requirements. For a disgraced short-seller who has been under investigation for multiple violations of Indian securities laws, Hindenburg’s allegations are nothing more than a lure thrown by a desperate entity that has a completely misguided view of Indian laws.”
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