Adani Group’s explanations simply defy common sense: Hindenburg
US-based whistle-blower Hindenburg Research on Monday said Adani Group’s 413-page rebuttal to allegations related to accounting frauds and stock manipulation defies common sense.
“Adani failed to specifically answer 62 of our 88 questions. Of the questions it did answer, the group largely confirmed or attempted to sidestep our findings,” Hindenburg said in reply to Adani’s explanations, adding that these explanations simply defy common sense.
